As the economy shows signs of improvement and restaurant traffic begins to rebound, operators may face higher food costs in 2011 and will need to mitigate those increased expenses without hurting customer visits, industry analysts said last week.
John Glass, restaurant securities analyst for New York City-based financial services firm Morgan Stanley, said, “Just as we are beginning to finally emerge from a deep downturn in traffic and sales, we are beginning see the potential for rising costs.”
He spoke during a webinar held by Morgan Stanley and Chicago-based market research firm NPD Group entitled, “The Restaurateurs’ Dilemma: How Chains Will Keep Traffic Growing in 2011.”
“Restaurant brands are going to have to walk a delicate balancing act in 2011 to both keep profits growing as well as continuing to grow their traffic,” Glass said.
Warren Solochek, vice president for the foodservice group of NPD Group, added, “We’re clearly on the road to recovery … The key driver will continue to be unemployment. Until employment begins to improve, it’s going to be problematic for the industry as a whole.”
- Nieuws
- Trends in landbouw en voedsel
- Analysts to restaurants:...
Analysts to restaurants: prepare for higher food costs
Inloggen or Inschrijven to use this flag.
oktober 04, 2010
Like to receive news like this by email? Join and Subscribe!
Join Our Telegram Channel for regular updates!
Related Topics:
Uitgelichte Bedrijven
Related News
oktober 28, 2024
Himalaya Food International Limited: 60,000 TPA French Fry Plant Set to Launch by March 2025
augustus 26, 2024
The potato: a guarantee for regional food security and prosperity
juni 27, 2024
J&J Green Paper implements its sustainable packaging initiative Janus® with largest independent McDonalds franchisee in the world
Latest News
Sponsored Content
Sponsored Content
Sponsored Content
Sponsored Content
Waar
Sponsored Content