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Restaurant Outlook Survey - Q3 2024
1.
How would you best describe the current business climate for your foodservice company?
Very Good
Good
Fair
Poor
Very Poor
2.
What are the biggest factors (e.g. economy, government policies) that are currently impacting your business?
3.
Would you say the number of restaurants in your area is higher, about the same or lower compared to pre-pandemic levels?
Higher
About the same
Lower
4.
So far this summer, was the following, higher, lower or about the same as it was compared to last summer?
Higher
About the same
Lower
Total sales
Higher
About the same
Lower
Guest count
Higher
About the same
Lower
Profitability
Higher
About the same
Lower
5.
What best describes the current profitability of your overall operations?
Making a pre-tax profit of 10% or more
Making a pre-tax profit of 6% to 9%
Making a pre-tax profit of 3% to 5%
Making a pre-tax profit of 0% to 2%
Breaking even
Operating at a loss
6.
Looking ahead to 2025, do you expect your profit margin will improve, get worse or stay the same?
Much better
Somewhat better
Stay the same
Somewhat worse
Much worse
Please include any comments below:
7.
Again, looking ahead to 2025, what do you expect will be the top challenges facing your business? (Please select all that apply.)
Weak economy
Managing sustainability / sourcing alternatives to single-use plastics
Weak consumer demand
Repaying debt incurred during the pandemic
Food costs
Labour shortages
Energy / utility costs
Neighbourhood crime
Labour costs
None of the above
Please include any comments below:
8.
In 2025, by how much do you expect you will raise your menu prices?
Less than 1%
1% to 2%
2% to 3%
3% to 4%
4% to 5%
5% to 6%
6% to 7%
More than 7%
Don't know / not sure
9.
Do you currently offer any benefits (e.g. health insurance, dental insurance, etc.) to your employees?
Yes
No