May 13, 2019 | Quarterly Reviews
SALES: 2018 was a banner year for the restaurant industry. According to the Census Bureau, restaurant sales rose 6% with a menu price (CPI) indexed increase of 2.6%. Even better, for the first time in years,the sales mix between Limited Service and Full...
Sep 1, 2018 | Quarterly Reviews
Future looks worse with House turning Blue Demographics Forcing Wages Higher Regardless Year-to-Date Losses Exceed ALL of 2017 Well, the election is over. Democrats are eager to push a $15 minimum wage bill within the first 100 hours. Higher labor costs are not going...
Jul 14, 2018 | Quarterly Reviews
The following chart indicates that Labor costs continue to be an issue in the industry. The two segments of our industry have eachlost approximately $230 Million since the beginning of 2017. Interestingly, QSR has generated those losses with accelerating costs in...
Apr 1, 2018 | Quarterly Reviews
The public companies 1Q18 reports are in. The industry experienced approximately $120 Million in lower EBITDA due to higher labor costs. For the last 3 quarters, QSR has experienced the majority of the labor cost issues. This is primarily due to the Casual Dining...
Feb 1, 2018 | Quarterly Reviews
NRCP continues to compile quarterly results for labor comparisons for the publicly traded restaurant companies and posting them with commentary. 2017 ended with a nearly $300 million increase in labor costs; costs that should be managed better. We will continue to...
Jan 14, 2018 | Quarterly Reviews
The following charts indicate that Labor costs continue to be an issue in the industry. After losing $100M in each segment (Casual Dining & QSR/FC) through the 3QYTD, the industry (of those that have reported to date 2/28/18) has lost $33M cumulatively. We could...
