TORONTO — The Canadian Restaurant and Foodservices Association’s (CRFA) recent Restaurant Outlook Survey (based on Q1 2013) shows one-third of restaurateurs expect sales growth to pick up over the next six months.
“With the bad weather behind us, restaurant operators are feeling more positive about business in the coming months,” said Garth Whyte, president and CEO, CRFA.
“As a result, restaurateurs will be on a bit of a hiring spree — 27 per cent plan to hire more employees over the next six months, up from 16 per cent in Q4 of 2012. As students get off school for the summer, this means more youth jobs in the restaurant industry, which has positive ripple effect, socially and economically, in communities across the country.”
Forty seven per cent of operators expect sales to grow, while 19 per cent expect a slowdown. Rising food costs, labour costs, decreased customer demand and bad weather have played a role in challenges encountered in the first quarter of 2013. Despite these challenges, Whyte believes operators are planning to maintain menu prices over the next six months.