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Your top restaurant pricing questions answered

Your top restaurant pricing questions answered

At RMS, we field a lot of questions from our clients. In the past 12-15 months, our clients have had new concerns, brought forward by reduced menus, an increasing number of digital channels, labor shortages and supply chain issues. But no matter the environment, one...
A Look at 2021 Minimum Wage Increases

A Look at 2021 Minimum Wage Increases

In 2020, 21 states raised their minimum wage. On New Year’s Day 2021, 20 more states did the same. Five additional states (Connecticut, Delaware, Nevada, Oregon, Virginia) and the District of Columbia will follow suit over the coming months, in addition to Florida’s...
Minimum wage increases: 4 tips to help restaurants brace for what’s next

How to handle menu price hikes as labor costs soar

Recommended for youNews9 Painless Ways to Tackle Rising Labor CostsMay 2016Insights, News6 Tips to Help Restaurants Combat Higher Labor CostsJune 2017NewsRestaurant operators must plan for minimum wage hikes, other costsAugust 2014Client Successes, NewsNoodles’...
Your top restaurant pricing questions answered

4 Proven Strategies to Raise Check Sizes

While restaurant traffic was down in 2018, many restaurants saw flat to positive sales growth due to increases in average check size. And while many brands raised their prices between 2–­4 percent in 2018, others were able to achieve higher check growth through...
5 ways fast casuals can combat rising minimum wages

5 ways fast casuals can combat rising minimum wages

More states around the U.S. are raising the minimum wage in 2019. In total, 20 states will raise their minimum wage this year, with substantial increases of $1 in some states. For example, Maine’s increase will be 10 percent, Massachusetts’ is 9 percent, and...
Pricing strategy counteracts minimum wage increases

Pricing strategy counteracts minimum wage increases

Our Client’s Challenge One of the country’s largest quick-service restaurant (QSR) chains, with more than 3,300 company-owned and franchise locations, faced a challenging 10% increase in labor costs due to the rising minimum wage, putting great pressure on...
Pricing strategy counteracts minimum wage increases

Opinion: How restaurants can prepare for rising wages

As costs continue to rise, in part driven by minimum wage increases around the country, restaurant owners are wrestling with how to cover higher costs without driving away customers. A number of cities around the country, like Chicago, Los Angeles, San Francisco and...
Pricing strategy counteracts minimum wage increases

Restaurant operators must plan for minimum wage hikes, other costs

The pressure is mounting around the country to raise the minimum wage, which would have a profound impact on the restaurant industry. That, combined with higher costs for beef and transportation, means restaurant owners need to start thinking now about how increased...

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