The State of the Restaurant Industry: Minimum Wage Hikes, Inflation, and Competition Squeeze Profits

By Panos Mourdoukoutas U.S. restaurants have been caught between minimum wage hikes and rising food material costs on one side and growing competition on the other, squeezing profit margins. Recent financial reports show a slowdown in restaurant revenues and a rise in labor and materials costs. These two trends have resulted in lower gross margins, […]