minimum wage Archives

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...

Minimum wage increases: 4 tips to help restaurants brace for what’s next

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...

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...

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’...

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...

Opinion: Looming minimum wage initiative doesn’t have to mean doom

As minimum wage increases build momentum around the country, there’s a lot of discussion about how these wage increases could force many small businesses to close their doors. Right here in Florida, attorney John Morgan plans to push a constitutional amendment to...

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

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...

Turning double-digit traffic decline into traffic increase and margin growth

Our Client’s Challenge A major U.S. fast-casual restaurant operator with more than 400 locations was facing margin pressures. The brand had been losing traffic for more than two years, and escalating minimum wages hit hard. To offset the related financial...

Fresh Brothers Pizza hires Revenue Management Solutions to consult on menu optimization and menu pricing strategies

Relationship with Southern California company is a good example of how up-and-coming restaurants can benefit from RMS’ 20 years of industry leadership experience TAMPA, Fla., July 6, 2017 — Fresh Brothers Pizza, a fast-growing award-winning chain of...

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...

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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