This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
02, 2025 Facebook Twitter LinkedIn Wholesale egg prices have fallen 67% since their March peak. The 2,000-unit breakfast chain on Monday announced that it has lifted its 50-cent per-egg surcharge, which it instituted in February to help manage sky-high egg prices. By Joe Guszkowski on Jul. Thanks for understanding!” Sign up here.
These chefs might know how to source the finest ingredients, but no one’s taught them how to negotiate the price of those ingredients or keep suppliers from quietly eating away at their profits. Sales reps may come back with a price comparison guide that shows lower prices on specific items. billion for yourself.
Another change tested in Michigan was collapsing the beverage and food menu back into one after previously offering separate menus for food and drink. Now the menu starts with Condado’s dips, which are followed by the beverage selections; tacos, burritos and other food options are on the other side of the menu.
And in the business side of beverages, no topic is more trendy right now than “functional beverages.” They’re beverages that serve a “function,” or basically, products that claim to benefit health, wellness or performance (1). Functional drinks are just what it sounds like. They are comfortable deciding not to drink on occasion.
per share in cash, a 65% premium on the company’s share price as of April 30, before media reports suggested the company was for sale. The company’s stock price has fallen by more than 72% since that IPO, even after a recent uptick brought on by the sale reports. View All Articles by This Author Want breaking news at your fingertips?
The chain has kept its menu prices lower than inflation, and it has invested in other limited-time specials, such as its popular Never-Ending Pasta Bowl, in an effort to appeal to price-conscious consumers. It plans to keep prices down while also adding more lower-priced items to the menu. “If Sign up here.
High coffee prices are becoming a lasting reality for the industry. While many assert that this signifies a long overdue change, as coffee has historically been an undervalued commodity, price volatility affects all levels of the supply chain in various ways. For coffee shops, in particular, margins are tighter than ever.
By Julia Nikolaus, Contributor As a restaurateur or manager, you know just how competitive the non-alcoholic beverage market can be. Restaurants need to recognize that non-alcoholic beverages require their own specific marketing strategies if they want an edge over the competition. 1 - Use Unique Brand-Focused Materials.
As the C price remains volatile, reaching record highs earlier this year and recently settling below US $3/lb, commercial-grade coffee has taken a significant hit. You may also like our article on why it’s never been more important to invest in coffee quality. lb in February 2025.
Not quite yet An easy way to bring bold Korean flavors to modern menus From BBQ to beverages, menus are seeing a lot of action Food C-stores are stealing fast-food tactics. She previously served as editor in chief of Winsight Grocery Business View All Articles by This Author Want breaking news at your fingertips? Sign up here.
Customers are becoming more discerning about value and anxious about the price of a meal (from quick service to fine dining). Well, at least operators should be able to rely on alcoholic beverage sales to make up the difference but waitthere is a trend among the 21-35 demographic to live alcohol free and the movement is gaining traction.
Knowing the true cost per serving means you’re not guessing where to set menu prices. When done correctly, dish costing helps you control food costs, reduce food waste, and price items in a way that supports your restaurant’s financial health without alienating guests. Every smart pricing move starts here.
When you decided to open a restaurant, you probably didnt picture yourself glued to spreadsheets or tracking the price of eggs, but keeping an eye on the numbers is how you stay open year after year. This gives you a sense of how effective your menu pricing is. Your cost of goods sold (ingredients, beverages, packaging, etc.)
In this article, youll learn: The most important restaurant KPIs for restaurant profitability, efficiency, and growth How to calculate and benchmark major KPIs using simple formulas Practical tips for tracking KPIs without getting overwhelmed Lets start by breaking down what KPIs are, and why they require your attention.
In this article, you will learn: The five most important restaurant costs to track and manage Easy strategies for controlling food costs and labor costs Tactics to save money without hurting your guest experience Lets start with the big picture and learn where your money is actually going. Scales ensure every dish is exactly the same.
The convenience-retailing giant on Wednesday announced a Craveables Value Menu, pitting it in head-to-head competition with fast-food chains also looking to win consumers over with low prices. The move comes as consumers continue to limit their visits to restaurants and rein in their basket sizes amid elevated prices. Sign up here.
But perhaps the brand’s most radical transformation was on the beverage side, where it has added modern sips like boba as well as craft cocktails, including frozen margaritas and mojitos. We do see beverages and on-the-go beverages as a big growth opportunity for both of the brands,” O’Reilly said.
As the C price remains above US $3/lb, it’s often more profitable to grow coffee that requires fewer resources and infrastructure than an exclusive competition variety or “funky” fermented lots. You may also like our article on why changing how we assess coffee quality can benefit producers and roasters.
A restaurant centric operation relies on analytics, competitor analysis, surveys, budgeting, price comparisons, and knowledge of what the marketplace is comfortable with. They look for consistent, personalized quality commitments, a “yes” attitude when special requests are made, dependability, and a pricing that makes sense.
Over the past year or so, rising food prices and energy costs have been affecting many people around the world. In fact, in March 2023, the BBC reported that food prices had reached a 45-year high in the UK , with many other major coffee consuming countries also going through similar price increases.
In this article, youll learn: How to break down your operating costs into fixed, variable, and semi-variable Smart ways to lower labor and food costs without sacrificing customer service Where hidden expenses are hiding in your tech stackand how to fix it Lets discover where your money is going, and how to take back control.
There’s a reactionary movement that I keep seeing in restaurants; a movement that assumes the answer to the restaurant bottom line is to take more and give less or give too much to justify raising prices. A menu should thus be designed and priced to make those items seem essential.
View All Articles by This Author Want breaking news at your fingertips? News leadership Fast_Casual Lisa Jennings is a veteran restaurant industry reporter and editor who covers the fast-casual sector, independent restaurants and emerging chain concepts. Get today’s need-to-know restaurant industry intelligence.
Wishnow, a former Dunkin’ and Taco Bell franchisee, tapped menu consultants and brand builders The Culinary Edge to design a menu that falls somewhere between Salad and Go and Sweetgreen, price-wise. The way Greenlane prices its menu has evolved since the first unit opened in 2023. Continue to Site >>> Menu Forget coffee.
High and volatile green coffee prices , along with increasing operational costs, are creating a more competitive market. You may also like our article on how digital marketing has evolved in the coffee industry. But as coffee prices stay high, operators are grappling with unprecedented volatility and uncertainty.
Unfortunately, measures set up to safeguard health have overall caused inefficiency and higher prices, which regrettably have caused layoffs for food workers and drivers (3). This is a summary of our earlier article, “Responding to COVID-19’s Impact on the Restaurant Supply Chain.” You can read our original article here (10).
The conversation evolved around local news and gossip, and alcoholic beverages were reserved for bars scattered throughout the community. Surely, I thought, a successful restaurant is built on food quality, efficient service, and fair pricing. Ah, but the food and conversation were consistently good, plentiful, and in-expensive.
The experience is available with a spirit-free beverage pairing, and the restaurant’s website notes that the chef is “over five years sober.” View All Articles by This Author Want breaking news at your fingertips? Get today’s need-to-know restaurant industry intelligence. Premium Financing Is Chilis as cheap as McDonalds?
Many, saw restaurants and taverns to be American while exposing others to their food, beverage, and style of hospitality. Prohibition and the Speakeasy: Prohibition from 1920-1933 made it illegal to produce, distribute, serve, or consume alcoholic beverages except as a sacrament in the church and for medicinal purposes prescribed by doctors.
She previously served as editor in chief of Winsight Grocery Business View All Articles by This Author Want breaking news at your fingertips? News Heather Lalley is the managing editor of Restaurant Business, Foodservice Director and CSP Daily news. Get today’s need-to-know restaurant industry intelligence.
Just like in Escoffier’s kitchen there will be upward reporting through lead cooks, sous chefs, executive sous chefs, pastry chefs, executive chef, and food and beverage directors. This is very apparent in clubs, resorts, and hotels. Anything and everything is possible if you have a plan and are committed to staying the course.
At Chipotle, this makes the brand a great value because customers can load their burritos with calories for the same price. As a side note, Chipotle’s value on those scores decline with additions like beverages or guacamole. View All Articles by This Author Want breaking news at your fingertips? Check out this table.
Buying the lowest priced materials or hiring the lowest-bidding contractors can lead to shoddy workmanship, cheap and flimsy furniture, furnishings, and equipment that will inevitably break down sooner than higher quality goods and materials. Pitfall #5: Hiring an architect without food and beverage experience.
Revenue Metrics Sales Revenue Sales Revenue measures the total income generated from food and beverage sales. Cost-Related Metrics Cost of Goods Sold (COGS) Cost of Goods Sold, or COGS, measures the direct costs of producing the food and beverages sold by your restaurant, and directly impacts your gross profit.
In 2024, restaurants across the country saw an average five percent increase in transactions and an average eight percent increase in profits with only four percent caused by price hikes. Most restaurants have increased menu prices to cover expenses, which can affect customer spending behavior.
A thoughtful menu also helps manage kitchen operations efficiently and can boost your profitability through strategic pricing and upselling opportunities. Categorize these items logically – for example, appetizers, main courses, desserts, and beverages. This range provides variety without overwhelming customers or kitchen staff.
In this article, we'll go into 15 key performance indicators for restaurants, why they're important, how to calculate them, and more. Ideal menu price. Your CoGSs is an essential number to have when determining your menu prices, inventory and impacts your net profit margin. It also plays a key factor in pricing your menu.
but able to fit the price sensitivity of our intended audience. [] PROVIDE THE ANALYTICS: The chef’s focus should be on team dynamics, food quality, and building an image of excellence in the operation. Have someone with the same level of passion for numbers and comparisons prepare and present comparative data as a tool for the chef.
View All Articles by This Author Want breaking news at your fingertips? It is in California The Bottom Line: Data from Technomic’s Price Pulse shows that the average price for a medium Big Mac meal in California is about the same as the price for a Big Smasher on Chili’s 3-for-Me menu. Sign up here.
View All Articles by This Author Want breaking news at your fingertips? Because if DoorDash keeps going at this rate, it may just become inevitable. News Tech Check technology delivery Joe Guszkowski is a senior editor with Restaurant Business covering technology and casual-dining chains.
Deduct the cost, not staff time or full price. Beverages: water, soda, liquor. Disclaimer This article provides general information on tax deductions and credits for restaurants. Accounting Tip: Split costs in your accounting software. Use 75% repairs, 25% capital improvements. Feels good, saves cash.
From sparkling teas and lemonades to cold brew coffee, customers are increasingly thirsty for a more refreshing beverage than the traditional coffee shop offerings. The shift away from alcoholic and sugar-loaded drinks gives other beverages such as cold brew coffee, kombucha, sparkling teas, and housemade lemonades room to grow. .
In this article, we’ll explore how to calculate your restaurant profit margin, what affects it, and practical strategies to improve it. Menu Pricing: Setting the right prices that reflect the value and cost of your offerings is crucial. Check out this article to learn more tips to optimize your menu for upselling.
Know that based on your concept there will always be a pricing ceiling that you should avoid. No matter how well the item is prepared and how exceptional it might be, if you exceed that price ceiling people will shy away from buying it. [] PREP, TASTE, SEASON, TASTE. It must always be fluid until the guest says: “WOW”.
We organize all of the trending information in your field so you don't have to. Join 49,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content