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Food Media 4

Restaurants Have Pain on the Menu

Melanie Wong | Oct 28, 201612:19 AM

"...Sales growth at North American restaurants in the second quarter was the slowest since 2009. For one thing, customers are finding it's getting more expensive to eat out. Restaurants are hiking menu prices to keep up with rising minimum wages and other costs .
Aside from the 2008 recession, the last time the gap between the cost of eating at home and eating out was this wide was in 1981..."

Restaurants Have Pain on the Menu

Low grocery prices and changing consumer habits are slowing sales.

www.bloomberg.com
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