Restaurant New Roundup, 11/08/2024
Restaurant owners can expect lower corporate taxes, fewer regulations and ending taxes on gratuities for tipped workers under a Trump 2.0 administration when it takes office in January. Read more here: https://www.nrn.com/news/how-2024-election-results-will-impact-restaurant-industry
Sit-down restaurant chains like TGI Fridays and Hooters are struggling as inflation-weary customers are increasingly unwilling to pay more for restaurant food. Read more here: https://time.com/7172240/chain-restaurants-struggles/
Menus are pricier now because of inflation and other factors as restaurant owners struggle to maintain profit margins. Read more here: https://www.forbes.com/sites/johnmariani/2024/11/06/why-are-restaurant-prices-so-damn-high-and-why-you-cant-do-anything-about-them/
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