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15 Restaurant Metrics to Know and How To Use Them

7 Shifts

Numbers can give us insights into everything from profits and losses to average customer spend to how often employees cycle through. Break-even point. Employee turnover rate. Sales per labor hour. Ideal menu price. Business is often a game of numbers, and restaurants are no exception. Food cost percentage.

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Top 3 Takeaways from Black Box Intelligence’s State of the Industry Webinar

Black Box Intelligence

Top 3 SOTI Takeaways The Slowdown in Sales, Traffic & Average Guest Check Growth April marked the industry’s weakest sales growth since July, making it the second-worst month in over two years. Similarly, The Wall Street Journal reported in April that economists put the probability of a recession at 61%.

Webinar 81
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Top 3 Essential KPIs for Ice Cream Shops

Lavu

Gourmet and artisanal ice cream prevailed in 2016, globally-inspired ice cream flavors influenced 2017 shop owners, wacky ice cream flavors were trending in 2018, and in 2019, creative ice cream vessels appear to be the new hot trend (like Booyah’s ice cream taco ). Track the Best-Selling Flavors.

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Restaurant Accounting Basics

Lavu

Labor costs include salaried employees, hourly wages, benefits, taxes and tips. In Washington, for example, employers must pay employees a minimum of $12 per hour as of April 2019. requires that employees receive a minimum wage of $15 per hour, which is twice the national minimum. Tipped Employees. tipped employees.

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MRM Research Roundup: Mid-December 2020 Edition

Modern Restaurant Management

This edition of MRM Research Roundup features news that consumers plan to put restaurants at the top of their shopping lists, the latest stats for on premise and why the restaurant of the future is here now. Diners Show Holiday Spirit. “This is a challenging time for both consumers and businesses. . Hassle-free holiday meals.

2020 167
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Restaurant Industry Suppliers: Time to Retool and Realign

Aaron Allen & Associates

Here, we touch on several points what are the challenges and opportunities and how suppliers can better understand the mind of restaurant chain buyers. . Here, we touch on several points what are the challenges and opportunities and how suppliers can better understand the mind of restaurant chain buyers. . in bankruptcies in 2020 ).

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MRM Research Roundup: Mid-December 2019 Edition

Modern Restaurant Management

Topline numbers show robust restaurant sales growth during November. Same-store sales growth was 1.6 percent in November, which represents the third consecutive month of positive sales growth and the strongest since January. Thanksgiving typically represents lower sales volumes for most industry segments.

2019 128