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Why restaurant profitability has yet to recover from the pandemic

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Manage episode 504208609 series 2342524
Content provided by Restaurant Business Magazine. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Restaurant Business Magazine or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Why are some restaurants having such a tough time this year?

This week’s episode of the Restaurant Business podcast A Deeper Dive features Chad Moutray, the chief economist for the National Restaurant Association.

We wanted to talk with Chad for two big reasons: First, the association published its data abstract on the restaurant industry, which shows some surprisingly low profitability for both full-service and limited-service restaurants.

We talk about why restaurants are less profitable today compared with before the pandemic.

But we also talk about the economy and why it’s so unfriendly to fast-food restaurants in particular.

Many fast-food chains are seeing weak traffic, which has some speculating that lower-income consumers are cutting back. Moutray helps clear that up.

We’re talking about the restaurant economy on A Deeper Dive so please check it out.

  continue reading

373 episodes

Artwork
iconShare
 
Manage episode 504208609 series 2342524
Content provided by Restaurant Business Magazine. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Restaurant Business Magazine or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Why are some restaurants having such a tough time this year?

This week’s episode of the Restaurant Business podcast A Deeper Dive features Chad Moutray, the chief economist for the National Restaurant Association.

We wanted to talk with Chad for two big reasons: First, the association published its data abstract on the restaurant industry, which shows some surprisingly low profitability for both full-service and limited-service restaurants.

We talk about why restaurants are less profitable today compared with before the pandemic.

But we also talk about the economy and why it’s so unfriendly to fast-food restaurants in particular.

Many fast-food chains are seeing weak traffic, which has some speculating that lower-income consumers are cutting back. Moutray helps clear that up.

We’re talking about the restaurant economy on A Deeper Dive so please check it out.

  continue reading

373 episodes

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