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MRM Research Roundup: Mid-August 2021 Edition

Modern Restaurant Management

Consumer spending at restaurants was up +32 percent in the April-May-June 2021 quarter compared to the same quarter last year, and for a pre-pandemic view, flat compared to the same quarter in 2019. As of June 2021, food service and drinking places employed 11.3 million as of June 2021, 97 percent of the 151.1 percent overall.

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MRM Research Roundup: End-of-May 2021 Edition

Modern Restaurant Management

CGA’s consumer research has signs that sizeable numbers will be looking to the On Premise to mark events like these in 2021. “After months of restrictions, many consumers are ready to celebrate US public holidays and events in a big way in 2021,” said Alexandra Martin, Operator and Analytics Director at CGA.

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Inflation Takes a Bite at the Restaurant Industry; How Can Operators Cope?

Modern Restaurant Management

In August of this year, the cost for consumers of purchasing food away from home rose by 8.3 percent compared to the same period in 2021. Additionally, menu prices at casual dining establishments rose by an average of 9 percent year over year from 2021. Some implemented loyalty programs to promote recurring customers.

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How Restaurants Can Combat Inflation with the Top-Down and Bottom-Up Method to Profitability

Modern Restaurant Management

percent from March 2021 to March 2022, accounting for the highest inflation rate since December 1981. Prioritize Accurate Recipe Costing. Maximizing recipe efficiency is a moving target that is specific to your restaurant. It requires a careful examination of your recipes, your team’s prep efficiency, and menu item prices.

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The Right Technology Can Help Restaurants Make Key Decisions in Uncertain Times

Modern Restaurant Management

Even after the pandemic-fueled tumult of 2020, few would have predicted the extent to which the industry has been shaped in 2021 by such factors as a major labor shortage, supply-chain issues, and soaring inflation. If there’s one thing you can count on in the restaurant industry, it’s change—especially these days.

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Is the Labor Shortage a Wage Shortage?

Modern Restaurant Management

million Americans in November 2021, ultimately have seen 3% of the workforce quit their jobs, with that figure estimated to be double in hospitality. Far too many stores let inventory slide when there’s a crunch, which is a recipe for spiraling food costs. These resignations, 4.5

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MRM Research Roundup: QSR Update and What Feeds Us

Modern Restaurant Management

QSR 2021 Performance. Revenue Management Solutions released its analysis of US quick-service restaurant (QSR) performance for 2021. To accurately assess the underlying trends of restaurant performance, RMS compared 2021 sales and traffic to pre-pandemic 2019 data. On average, sales were up 8.1 percent compared to 2019.