A recent study by AlixPartners revealed that more people are dining out, but increasing costs are a concern.
Restaurants are spending more money on new technologies and replacing outdated equipment. Increased labor costs driven by the minimum wage increase are also a potential problem. While some food expenses are down, other staples have increased dramatically (the cost of beef has risen 39%).
The consumer survey showed customers are seeking fast service and ready-to-eat meals. Fewer customers are using coupons, and most consider healthy options when choosing a restaurant, with concerns over menu variety and the display of nutritional info.
Read the full article here: Consumer confidence grows, but costs pressure profits
[sc:mbta]