Inflation challenges continue to haunt the industry as same-store sales mostly rise
May 24, 2022
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As the first quarter of 2022 came to a close, the challenges facing the restaurant industry remained mostly the same as they were: inflation, supply chain, labor.
Same-store sales rose at restaurant chains across all segments, with only a few reporting drops. Domino’s in particular lost momentum, blaming its same-store sales decline on labor shortages, supply chain issues and politics. Many quick-service brands pulled out of Russia in the quarter, a response to that country’s invasion of Ukraine.
There was some good news predicted on the horizon as inflation seems to be leveling out. Wingstop said the price of bone-in chicken wings fell to nearly half of last year’s record highs.
In this gallery, get an overview of how restaurant companies performed in the first quarter.
