Consumers who purchase food for in-home consumption have generally experienced higher price increases relative to what they pay for menu items at quick-service and fast-casual restaurants—a trend that makes restaurants more comparatively appealing, according to Nick Cole, head of Restaurant Finance at Mitsubishi UFJ Financial Group.
This is one of several key viewpoints in Cole’s mid-year outlook on the restaurant industry, which also includes the abatement of labor shortages, disruptions in the beef supply, high…
