After a $15 minimum wage initiative failed in 2021, Democrats are trying again with the Raise the Wage Act but the restaurant industry does not approve the tip credit elimination
June's 300 basis-point gap between grocery and restaurant prices far outpaces the historical average of a 60-basis-point gap.
According to new data from Alignable, 63% of independent restaurant operators said their rent is higher than it was six months ago.
For the third month in a row, the inflationary gap between grocery/retail and restaurants continued to widen.
Rent delinquencies improved for small restaurants in May, though 54% of SMBs are paying more for rent than they did at the end of 2022.
April marked the 10th straight month of cooling inflation, though full-service menu prices were up by 7.2% over last year and limited-service meals were up 8.2% during the month.
Founder Justin Cucci wants his staff to profit from his success
Dallas-based hospitality company names Bryan McVay as financial chief, Matt Smith as CMO
