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Restaurants must keep innovating to elevate the diner experience. Foodprices are soaring amidst supply chain disruptions, increasing labor costs, and processing plant shutdowns. Poultry prices are up 15 percent to 18 percent ; the cost of eggs has risen 73 percent.
However, since the start of 2021, Randy’s has seen a wave of interest from both domestic and international franchisees. The Costa Mesa location, opened in March 2021 and the first in Orange County, sold over 100,000 donuts in its ten days. The company reported a 24 percent same-store sales increase in March 2021. "We
The concept had a few caveats: consumers want the menu has to be the same as dine-in (not just a few menu items), foodprices can't just be marked up to offset the costs, and they wouldn't want high order minimums. These firms should also intensify their efforts to ensure the best customerexperience is delivered.”
2023 brought new challenges to the table for the restaurant industry, from rising foodprices due to inflation to continued disruptions in the supply chain. This data can help to inform improvements in restaurant marketing, customerexperience and your digital presence. billion consumers with restaurants every year.
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