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Why Restaurant Forecasting is Critical in 2022, Part 1

Restaurant365

In this two-part blog post series, you’ll learn the importance of forecasting in restaurants and how to accurately implement restaurant demand forecasting. Part 2 will take a deep dive into how to forecast restaurant sales, including labor demand forecasting and food demand forecasting. Restaurant budgeting and forecasting differences.

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MRM Research Roundup: Mid-July 2021 Edition

Modern Restaurant Management

Total restaurant visits were down -6 percent in May 2021 compared to May 2019 but were up +23 percent from a year ago, recovering from a -23 percent decline in May 2020. Snack were up this May +8 percent compared to May 2019 and up +3 percent compared to two years ago. Falling outlets, rising sales. " Remarkable Resiliency.

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Restaurant Reopening Checklist: Tips for Thriving

Restaurant365

General managers and restaurant owner/operators should create checklists for crew and managers to use during their shifts. Managing Food Pick Up and Delivery. Check for state requirements on your governor’s or state health department’s website. Adhere to protocols addressing the protection of both customers and employees.

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How to Read a Restaurant Profit and Loss Statement

Restaurant365

This blog post was originally published on September 10, 2019 and updated on April 15, 2021. With detailed numbers about your total costs and total sales breakdowns, a P&L provides actionable insight into the strengths and weaknesses of your business. The revenue calculation pulls from restaurant menu sales data.

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How To Calculate Profit Margin For Small Business Owners

Sling

As a small business owner or manager, you need to speak the language of your industry. Combining the two words creates a term that means: The amount by which revenue from sales exceeds costs. This is a common question many owners and managers ask in regard to accounting for their business. What Is Profit Margin? Profit Margin.

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POS is Dead, Right?

Qu

The POS term was formed when there was just one main point of sale – the register in the restaurant. The 80s Called & They Want Their POS Back The 80’s gave birth to the first electronic cash register with computerized systems to manage payments and orders.

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Restaurant Industry Performance Pulse

Black Box Intelligence

Restaurant Sales and Traffic Post Strongest Results in 4 Weeks. The industry had a strong rebound in sales and traffic growth and the week ending October 17 posted the strongest results in 4 weeks. . Only fine dining did improve in sales growth. QSR, fast casual and casual dining improved the most (improved sales growth by 1.9