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20.10.26 - 13:36
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Why Cheaper Restaurant Food May Stay Off The Menu This Year (ZeroHedge)
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Why Cheaper Restaurant Food May Stay Off The Menu This Year
Dining out is likely to remain expensive as uneven relief in ingredient costs keeps restaurant margins under pressure.
Lower cattle prices have provided some relief this past summer, but soaring cooking-oil and grain costs, along with a rebound in chicken prices, leave little room for broad menu price cuts, according to a note from BofA restaurant analyst Sara Senatore on Friday.
Cattle prices fell 9% from a year earlier in the third quarter, reversing a 9.8% increase in the second quarter, Senatore wrote. But the futures market points to a 1.4% rise from a year earlier in the fourth quarter and a 3.9% rise from the preceding three months.
The decline in cattle prices comes as major restaurant operators face elevated prices for a wide variety of inputs. Soybean oil prices rose 35.7% in the third quarter, while wheat gained 19.6% and corn increased 10%.
Chicken prices are also turning higher after a sharp decline over the last year. ...
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20.10.26 - 08:30
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Umsatz im Gastgewerbe sinkt im August (Dow Jones)
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DOW JONES--Das Gastgewerbe in Deutschland hat im August nach vorläufigen Ergebnissen des Statistischen Bundesamtes (Destatis) kalender- und saisonbereinigt real 1,3 Prozent und nominal 1,2 Prozent weniger umgesetzt als im Juli. Im Vergleich zum Vorjahresmonat ......
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