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Food, Cooking, and Restaurants
Reply to "Went to Five Guys and guess what I paid (inflation)"
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[quote=Anonymous][quote=Anonymous]^ and yet most are reporting record profit. Go figure.[/quote] According to? Restaurants are not reporting record profits. [b]Soaring gas prices cut into restaurant sales and profits, studies find[/b] https://www.restaurantbusinessonline.com/financing/soaring-gas-prices-cut-restaurant-sales-profits-studies-find [b]Indianapolis' The Cuban Sandwich shop to close despite rebrand, move from Broad Ripple[/b] “There is no staffing. And the cost of food is just taking off, and it's not affordable anymore,” owner Jorge Chalgub told the IndyStar from the 8329 Michigan Road store in Indianapolis. https://www.indystar.com/story/entertainment/dining/restaurants/2022/04/08/cuban-sandwich-shop-close-permanently-indianapolis/9512685002/ [b]Table reservations were down 53.2% citywide (New York City) since 2020. In January 2022, that number hit a crushing 72%. But the real bad news can be found in new data from the state comptroller’s office, which shows that from the end of 2019 to the end of 2021, employment in New York City’s restaurant sector plummeted 25.4% — about 78,000 jobs lost. [/b][/quote]
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