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