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Understanding Restaurant Finances & Financial Statements in 2024

7 Shifts

Components of a restaurant’s financial report The food and beverage sales report, prime costs report, inventory report, profit and loss (P&L) statement, and cash flow statement are all critical components of a restaurant's financial management. Labor costs can quickly eat into your profits if not managed carefully.

2024 221
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Coffee News Recap, 27 Jan: Proud Mary Coffee to sell Panamanian Gesha for US $150 per cup, PRF El Salvador to host 2023 Salvadoran Barista Championship & other stories

Perfect Daily Grind

The keynote speech delivered by Michael Opitz, Managing Director of Hanns R. JDE Peet’s to launch fully compostable coffee capsule in 2023. The organisation says its new add-on certification feature and diagnostic tool can help to improve farm management practices and increase profitability.

2023 112
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#LifeOrDeathRecipe Challenge and ‘A Woman’s Place’

Modern Restaurant Management

in a management role at the Officers’ Club. Trabon, menu management and publishing solutions, and MenuTrinfo®, nutritional analyst and food allergen expert, have forged a strategic alliance that enables an end-to-end solution for the calculation and presentation of menu item nutrition facts and allergen declarations.

Allergens 145
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Safe Distancing Tech and a Farewell to Foam

Modern Restaurant Management

The company is exploring collaborations with corporate partners and charities, as well as merchandise sales, to keep its mission alive. "When Made with #5 polypropylene, customers can recycle the K-Cup® pods by peeling and disposing of the lid, composting or disposing of the grounds, then recycling the remaining empty cup.