Restaurant Outlook Survey - Q2 2024 Question Title * 1. What are the top challenges facing your business? (please select all that apply) Labor shortages Food costs Supply disruptions High interest rates Cost of credit / financing None of the above Labor costs Energy / utility costs Attracting new customers Bringing back repeat customers Repaying debt incurred during the pandemic The economy Other (please specify) Question Title * 2. Over the last two years, how much have the following increased (or decreased) by? Total food cost % Total labour cost % Insurance % Utilities % Other operating expenses % Question Title * 3. Over the next 12 months, by how much do you expect you will raise your menu prices compared to last year? Less than 1% 1% to 2% 2% to 3% 3% to 4% 4% to 5% 5% to 6% 6% to 7% More than 7% Not sure / don't know If more than 7%, by how much do you expect you will raise your menu prices in 2024 compared to 2023? Question Title * 4. What best describes the current profitability of your overall operations? Making a pre-tax profit of 10% or more Making a pre-tax profit between 6% and 9% Making a pre-tax profit between 3% and 5% Making a pre-tax profit between 0% and 2% Breaking even Operating at a loss Next