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Comp Sales -3.2% Decembers sales and traffic data may appear weak at first glance. Sales and traffic growth were weaker during the first week of December. Same-store sales growth in December: -0.3% in same-store sales growth. Thus, highlighting the industry improvements since hitting a low point in July.
What Restaurant Brands Need To Know The Cost of Ignoring Market Trends Missing a market trend doesnt just mean falling behind. It means losing real revenue. From external factors impacting guest traffic to rising operational inefficiencies, the cost of ignoring whats shaping consumer sentiment adds up fast. Heres what we found.
POS integration : Does it connect with your point-of-sale system for auto-syncing? While Untappd is popular for some beer lovers and taproom owners alike, it’s not the only solution—and depending on your needs, it may not even be the best one. Custom branding : Can you match the look and feel of your brand? YOU MAY ALSO LIKE.
As explored in Part 1 of this blog series, your payroll accounting systems overlap with many different parts of your restaurant business. This two-part blog series presents an overall guide to the essentials of payroll accounting for restaurant groups. Understanding payroll regulations. Meeting ACA obligations with shifting schedules.
This two-part blog series presents an overall guide to the essentials of payroll accounting for restaurant groups. You receive time in your Point of Sale (POS) system. From hiring and onboarding to running employee payments and paying taxes, payroll touches on many different parts of a restaurant business.
A period with seven weekend days, as opposed to one with nine, will likely generate much different sales and expense levels. For instance, if you run payroll weekly or bi-weekly, a four-week accounting period allows you to align labor costs with sales, informing accurate, useful labor cost calculations.
Hotel operators are struggling with three major pain points: the labor shortage, competitive expansion, and lingering lockdown restrictions. Mobility Equals Flexible Ops: Hotel Purchasing & Inventory from Anywhere. Mobile tech solution can fill the gaps left behind by skeleton teams and keep operations competitive.
With perishable ingredients and fluctuating sales, controlling food costs in restaurants can be extremely challenging. In addition, a robust restaurant management software platform with POS integration can automatically track theoretical inventory based on sales. Automate Manual Processes: forecast sales year-round.
The point of understanding is, becoming a restaurateur involves uncountable responsibilities to perform. Attend seminars, webinars, meet people who are already working in the industry have a healthy conversation with them, follow their strategies, if required join classes with your staff for training purposes.
Your restaurant naturally goes through fluctuations in sales, so your scheduling should match these changes. By scheduling line cooks who are efficient at prep for your prep hours, or scheduling servers with the highest average sales during your peak hours, you can optimize operations. Schedule the Right Number of Employees.
For a more detailed look at some of these advanced techniques, check out our recent webinar, “ Beyond Basics: Advanced Techniques to Control Food Costs.”. Once you know this recipe costing breakdown, you can examine sales margins on menu items. Your restaurant food cost is pivotal to your business’ financial success.
These range from POS systems that provide basic raw data about daily sales and labor to comprehensive, all-in-one, integrated restaurant management solutions that can automatically pull point of sale (POS) and operations data to deliver business intelligence reports. The basics of restaurant reporting.
Some experts pointed to enhanced unemployment benefits as a deterrent for employees returning to work, although recent evidence shows that cutting those benefits doesn’t significantly reduce the labor shortage. . BLS reported that job openings reached a record high of 9.3 What’s driving the restaurant staffing shortage? Safety concerns.
For restaurants with a robust point-of-sales (POS) system, an integrated platform can automatically track theoretical inventory based on sales. Your sitting inventory (in product or dollars) is one of the main factors influencing your food cost and your bottom line. What is Restaurant Inventory Management?
Just looking at point solutions for AI to get a checkmark from your Board would be detrimental in the long run without ensuring that your current stack has the right foundation to build for the future. It’s no surprise that Artificial Intelligence (AI) is top of mind for businesses globally.
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. Since your customers and your employees will interact, all protocols are critical for minimizing the risk of transmission. Clean and sanitize restaurants daily. Access a copy of the U.S.
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
Labor continues to be the most pressing pain point for operators today. Any operator looking to become more agile and build a labor model that gives your team the flexibility to adapt to whatever comes next, we invite you to view this timely webinar on-demand. Watch the Webinar On-Demand. Forecasting best practices.
The researchers found that although cold brew tastes less acidic than hot brewed coffee, it may contain a similar amount of acids. Rwanda to host 2023 African Fine Coffee Conference. The 19th edition of the conference will be held at the Kigali Convention Centre in the country’s capital from 15 to 17 February 2023. year-on-year decrease.
Create informative blog content to share in-depth knowledge about the real estate market, home maintenance tips, investment opportunities, and more. Moreover, you need to establish your business as a credible and trustworthy brand if you want potential clients to choose your services over others.
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