Murky Forecast for Restaurants?
Modern Restaurant Management
JANUARY 9, 2023
.” Restaurants run on notoriously thin margins , so 50 percent of operators expect to be less profitable in 2023, while another 34 percent expect their profitability to remain the same as it was in 2022. 19 percent postponed plans for new hiring. Actions taken include: 87 percent of restaurants increased menu prices.
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