Restaurant Recovery Index Q1
The traditional restaurant P&L is fundamentally broken. Top-line revenue in Center City is back to 92% of 2019 levels, but prime costs (Cost of Goods Sold + Labor) have expanded from a historically healthy 60% to over 72% for the median operator.
Worked Data & Figures
| Expense Category | 2019 % of Revenue | 2024 % of Revenue |
|---|---|---|
| Labor (FOH + BOH) | 32% | 38% |
| COGS (Food/Bev) | 28% | 34% |
Common Mistakes in Analysis
- Relying on outdated 2019 baselines without adjusting for remote work trends.
- Ignoring hyper-local neighborhood variations.
Frequently Asked Questions
What is the source of this data?
Primary data sourced from municipal tax records, Kastle Systems, and proprietary surveys.
How often is this updated?
We update these index figures quarterly.