Not the Year for Champagne Celebrations Less party, less bubbly. Champagne bottle sales have fallen by one third during the first half of the year. Sales collapsed as low as…
Restaurant owners implement Enterprise Resource Planning (ERP) solutions for inventory management and real-time low stock notifications. For example, when chefs order an ingredient, the stock counts in their ERP systems…
Two months since our last report on restaurant statistics, restaurant industry sales continue to whipsaw. In April, sales from Food Services & Drinking Places (NAICS code 722) totaled $30 billion,…
After a five-month battle against the COVID-19 pandemic, California Pizza Kitchen has lost. According to today’s statement from CEO Jim Hyatt, the company has filed for bankruptcy protection. The company…
In a banner year for the pizza delivery industry, Pizza Hut has struggled. Its competitors are at all-time highs. Just this year, Papa John’s (NASDAQ:PZZA) has rallied 44% to date….
It is earnings week; more blue chip companies report second quarter fiscal results this week than any other week. Today on national radio, senior restaurant analyst Michael Halen discussed disappointing…
Fees passed on to restaurants from third party delivery companies have become too expensive, and restaurants are responding. No one can blame them. With Yelp-listed restaurants reporting that 60% of…
Many restaurant owners wonder why their mortgages and rent payments have not declined in line with decreased demand for restaurant real estate. Presumably, with seated diners down 99% in April…
Restaurant owners now understand that the dining changes caused by COVID-19 will persist through 2021. Dining will not return to normal; dining will develop a new normal. COVID-19 has disrupted…
It pays to go public. Unequivocally, 2020 will be the most difficult year that hundreds of thousands of independent restaurateurs have ever endured. Yet for most publicly traded restaurants, it…
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