Restaurant chains, from quick-service to casual dining, continued to grow same-store sales in the past quarter, even as challenges from inflation to labor shortages to the pandemic ongoing have continued to batter the industry – and thankfully companies are optimistic about these battles. 2022.
Chains such as Wingstop, The Cheesecake Factory and Shake Shack have been forced to plan menu price increases due to inflation and supply chain shortages, some for the second or even third time . Wingstop Chief Financial Officer Alex Kaleida said the company believes the worst of the wing shortage and inflation is over, which could bode well for the entire wingstop industry. restoration.
Meanwhile, the omicron variant and labor shortages continue to take their toll, though they haven’t slowed down restaurants too much. And sales weren’t the only measure of growth: Yum Brands accelerated its development in 2021, opening a record 3,057 net new units during the year while increasing same-store sales of its four brands. during the last trimester.
To learn more about recent restaurant revenue reports and how businesses are facing the challenges of 2022, click through this gallery.