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Mexican chain near bankruptcy, 47 restaurants in danger
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 insurance and taxes and everything else go up, utility costs, et cetera."
"Those extra costs have really eaten into the bottom line," he added.
Traditionally, restaurants would pass those costs, at least some of them, onto customers. That's not possible right now, according to the James Beard Foundation's 2026 Independent Restaurant Industry report.
Establishments that raised prices by more than 10% were most likely to lose customers and then make lower profits, the study showed.
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