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Mexican chain near bankruptcy, 47 restaurants in danger

THE STREET·1h ago·3 min read
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Restaurant operators face a perfect storm of rising costs and declining customer spending. "Well, we've seen overall labor and food costs go up 35% since the pandemic," National Restaurant Association (NRA) Chief Economist Chad Moutray told Scripps News. "But it's not just those costs. We've seen …

Restaurant operators face a perfect storm of rising costs and declining customer spending. "Well, we've seen overall labor and food costs go up 35% since the pandemic," National Restaurant Association (NRA) Chief Economist Chad Moutray told Scripps News. "But it's not just those costs. We've seen …

Restaurant operators face a perfect storm of rising costs and declining customer spending. "Well, we've seen overall labor and food costs go up 35% since the pandemic," National Restaurant Association (NRA) Chief Economist Chad Moutray told Scripps News. "But it's not just those costs. We've seen …

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