“Our nation’s restaurant recovery is officially moving in reverse,” Sean Kennedy, executive vice president of public affairs for the National Restaurant Association, said in a press release. “The lingering effects of the delta variant are a further drag on an industry struggling with rising costs and falling revenue.”

Operators are dealing with a bump in costs across the board, with 91% paying more for food, 84% paying more for labor and 63% shelling out more for occupancy costs. At the same time, profitability has not gone up, and 85% of operators now have smaller margins than pre-pandemic.”

https://citizenfreepress.com/breaking/restaurant-industry-is-dying/