The Simon-Kucher 2022 Restaurant Study finds restaurants are finding short-term profitability fixes but will need a long-term solution to manage the effects of inflation.
Boston, June 7, 2022 – Increasing inflation over the past year has proven challenging for restaurant brands, resulting in rising food and labor costs. In the recent 2022 Restaurant Study Simon-Kucher & Partners the firm surveyed more than 50 leading US restaurant brands, ranging from fast food to fine dining, on inflation and price increases. The study found that restaurants that saw growth and profitability implemented specific pricing strategies. So, what does this mean for the future? While inflation costs are posing a threat to restaurant brands, balancing
