Will Restaurants CEO: Costs are going up, and people are thinking twice about going out
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- Опубліковано 19 тра 2024
- Brian Will, Will Restaurants Investment Group founder and CEO, joins 'Squawk Box' to discuss the overall rise of food costs, why the company's revenues have fallen, and more.
How about managing your comments section and getting rid of the fake investment scammer posts?
The prices are high and the restaurants are harassing the customers with out of control tipping.
$30 for two drinks outside. $5 or less to make at home.
I’ve reduced eating out especially because of tipflation. Eat at home and only eat out at the places you love.
I can't believe anyone still eats out - or goes to Starbucks. No wonder the USA is in such dire straits. If you plan a menu and cook at home (and just repeat the meals week after week) and grind coffee beans fresh in the morning (takes less than ONE MINUTE!) you'll save a fortune. I can't tell you how much you'll save because we haven't eaten in a restaurant or gone to a Starbucks in about 30 years. All that money you're wasting could have been accumulated and invested in the stock market, real estate, high interest treasuries and/or GOLD which is screaming due to inflation. Wake the heck up and get with the program.
How can the labor cost be up? They pass all their labor cost off to customers and guilt the customers into leaving a tip. If anything, the labor cost has gone down for them.
"Thinking twice"? naah I'm not even thinking about it. Cook home is the way & only order from local places I know are good
Not only have I not been to a sit down restaurant since preCOVID, but fast food visits have been reduced by 80%.
Had Chinese last night. 2 appetizers and 4 drinks with a 15% discount and tip was over $100. Even less expensive restaurants like Mexican and Chinese are ridiculously priced. Owner is going to be selling or closing within the next year. Restaurants are going to be closing in droves in the next year or so.
"If we hadn't raised prices revenue would have been down even more". Well, it doesn't always work that way. If your prices were lower, you might generate more business!
In Canada, I have to save for steak night. I’m talking about eating in, not a fancy steak house.
This dude needs to go to Costco. Chicken breasts are $2.99 a pound. I know the quality sucks but most those fools buy Sysco.
Plus all the seed oils restaurants use…plus food poisoning. When ever you get food poisoning the first thing the doctor asks is “have you eaten out”
Large vodka drink at home, $1.50 with Costco vodka.
Government: What inflation? Everyone is doing good.......
My husband and I went from eating out 2 times a week to eating out once every 3 months and only at locally owned places, keep our money in the community we live in. Had some mom and pop places that prices went up and they are closed or barely open, some open only 2-3 days a week. I refuse to pay the prices for poor quality food at more than double what it was 3 years ago. Dinner on your deck or outside grilling, dinner with atmosphere. Eating out is overrated, I hope every chain goes out of business.
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How is restaurant labor costs going up? Sit down restaurants are still paying the same $2.13 wage for tipped employees as they have always been...
fryers? That why no-one goes out to eat that crap.
This proves CNBC crew have no idea or totally ignores reality out side of the stock world.