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In its earnings call earlier this month, McDonald's CFO Ian Frederick Borden said the company's "2025 outlook reflects the current environment of softer, declining restaurant industry traffic in ...
A few things to keep in mind as you consider our outlook for the year. ... something of around 15% of total restaurant industry sales, in the U.S. restaurant industry. And from that perspective ...
Nearly 3.5 million parents work in the restaurant industry and more than 1 million of those are single mothers, 40% of whom live in poverty, according to a 2016 report by the National Women’s ...
The United States restaurant industry was projected at $899 billion in sales for 2020 by the National Restaurant Association, the main trade association for the industry in the United States. [1] [2] An estimated 99% of companies in the industry are family-owned small businesses with fewer than 50 employees. [3]
Signs on door of a Graeter's ice cream parlor in the Hyde Park neighborhood of Cincinnati during government-mandated closings. The COVID-19 pandemic impacted the United States restaurant industry via government closures, resulting in layoffs of workers and loss of income for restaurants and owners and threatening the survival of independent restaurants as a category.
The restaurant industry is known for its high risk, and they emphasized the importance of financial stability before taking on even more. "There is immense risk in starting a restaurant," Kamel ...
The US restaurant industry was projected at $899 billion in sales for 2020 by the National Restaurant Association, the main trade association for the industry in the United States. [89] [90] An estimated 99% of companies in the industry are family-owned small businesses with fewer than 50 employees. [3]
Sweeping deportations pledged by President-elect Donald Trump could pose an economic shock for the restaurant industry in ways that echo the pandemic: pricier menus, rising wages, and shuttered ...