Another Broken Egg Cafe’s Post

Dynamic pricing, the process of regularly adjusting the pricing of menu items to match the current level of demand, may sound like a headache, but just like your restaurant has peak times, so do food items and pricing should reflect this. Christine Johnson, COO at Le Duff America, will join a panel of restaurant execs at Restaurant Franchising & Innovation Summit 2024 to discuss why they’ve adopted dynamic pricing and its pros and cons. #RFISummit #restaurants #dynamicpricing #restaurantoperations

Dynamic pricing, the process of regularly adjusting the pricing of menu items to match the current level of demand, may sound like a headache, but just like your restaurant has peak times, so do food items and pricing should reflect this. Christine Johnson, COO at Le Duff America, will join a panel of restaurant execs at Restaurant Franchising & Innovation Summit 2024 to discuss why they’ve adopted dynamic pricing and its pros and cons. #RFISummit #restaurants #dynamicpricing #restaurantoperations

Two Restaurants, two states, One big problem - Profitability! When Elaine and Paul started with Ownershift, primes at each respective restaurant were over 80% fast forward to mid February, and those numbers have been reduced to 53.3% and 45.81%!  It's amazing what happens when you implement our Restaurant Freedom Formula™ 💪 #clientwin #clientsuccess

Two Restaurants, two states, One big problem - Profitability! When Elaine and Paul started with Ownershift, primes at each respective restaurant were over 80% fast forward to mid February, and those numbers have been reduced to 53.3% and 45.81%! It's amazing what happens when you implement our Restaurant Freedom Formula™ 💪 #clientwin #clientsuccess

Restaurants with an online ordering system see a 30% increase in takeout earnings! It's time to level up your restaurant game with KloudEats. Let’s make your business thrive! Get started at https://bit.ly/4f45NP3 #OnlineOrdering #KloudEats #RestaurantSuccess #TakeoutEarnings #FoodIndustry #BusinessGrowth #DigitalTransformation #CustomerConvenience #IncreaseRevenue #FoodTech

Denny’s to close 150 restaurants as restaurant chains continue to struggle The ubiquitous and popular diner chain Denny’s will close 150 locations by the end of next year amid declining revenue and changing consumer habits, the company announced Tuesday. Known for 24/7 service and a wide selection of menu items, the company behind the 71-year-old restaurant reported lower-than-expected earnings for the third quarter and has seen shares fall nearly 50% this year. About 50 locations are marked for closure in 2024, with about 100 more to be shut down in 2025, according to information the company released with its earnings report. The closures represent a 10% reduction in the number of locations the company operates. https://lnkd.in/gj7xREJm

We asked 50 restaurants how much they spend on labor costs, and found that top performing restaurants keep these costs below 35% of their annual revenue. On the other end, low performing restaurants are spending more than 40% of their annual sales on labor costs. Are you a top performing restaurant? Learn more in our Restaurant Industry Benchmarking Study: https://lnkd.in/eb7iqBkC

When eateries provide online ordering, nearly 60% of them can anticipate higher sales! Ready to boost your restaurant's revenue? Discover how KloudEats can help you tap into this potential. #KloudEats #OnlineOrdering #BoostSales #RestaurantSuccess

Restaurant Costs are up: 98% of operators say higher labor costs are an issue for their restaurant. 97% cite higher food costs. 38% say their restaurants were not profitable last year. https://ow.ly/Xnmu50SUerp #lowprofits #restaurantmarketing #marklaux

🍽️Restaurant world struggles? ⬇️It seems so as another batch of restaurant chains file for Chapter 11 bankruptcy protection, citing the pandemic as the beginning of their woes, followed by higher costs, including rent, labor and food costs, and cutbacks in discretionary spending. However, some in the industry point to changing consumer trends and the inability of some chains to effectively evolve and keep up with the times. (via CoStar) The list of restaurants recently filing for Chapter 11, most of which are sit-down restaurant chains, includes: ▪️Red Lobster ▪️Rubio's ▪️Tijuana Flats ▪️World of Beer ▪️Buca di Beppo 💸The costs and pressures of operating full service restaurants is very challenging, especially with new concepts opening and market share dwindling with not only full service openings, but fast casual, QSR and well operated local restaurateurs. The pressure on margins is real. Meanwhile, fast-casual chains such as Chipotle, Cava, Shake Shack , and others are seeing revenues rise. What do you think is at the root of the challenges restaurants are facing? 📍Read the CoStar article here: https://bit.ly/4dwbzYS