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Restaurant Outlook Survey - Q2 2024
1.
What are the top challenges facing your business? (please select all that apply)
Energy / utility costs
Cost of credit / financing
Repaying debt incurred during the pandemic
Bringing back repeat customers
Labor shortages
Food costs
Attracting new customers
The economy
High interest rates
Labor costs
None of the above
Supply disruptions
Other (please specify)
2.
Over the last two years, how much have the following increased (or decreased) by?
Total food cost %
Total labour cost %
Insurance %
Utilities %
Other operating expenses %
3.
Over the next 12 months, by how much do you expect you will raise your menu prices compared to last year?
Less than 1%
1% to 2%
2% to 3%
3% to 4%
4% to 5%
5% to 6%
6% to 7%
More than 7%
Not sure / don't know
If more than 7%, by how much do you expect you will raise your menu prices in 2024 compared to 2023?
4.
What best describes the current profitability of your overall operations?
Making a pre-tax profit of 10% or more
Making a pre-tax profit between 6% and 9%
Making a pre-tax profit between 3% and 5%
Making a pre-tax profit between 0% and 2%
Breaking even
Operating at a loss