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Restaurant Outlook Survey - Q2 2024
1.
What are the top challenges facing your business? (please select all that apply)
Food costs
Energy / utility costs
High interest rates
None of the above
Repaying debt incurred during the pandemic
Supply disruptions
Labor shortages
Cost of credit / financing
Labor costs
The economy
Attracting new customers
Bringing back repeat customers
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