Square’s Fall Quarterly Restaurant Report: Full-Service Restaurants See Higher Wage Growth, Corresponding to Increased Inflation
Block, Inc. Class A, (SQ)
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Source: Business Wire
New Square insights highlight trends in worker wages and tipping differences across states OAKLAND, Calif.--(BUSINESS WIRE)--Today, Square released the latest edition of its Quarterly Restaurant Report, which uses data across Square’s food and beverage sellers to examine dining trends, along with shifts in consumer spending and restaurant wages.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241113623640/en/Full-service restaurants have experienced higher inflation compared to quick-service restaurants (Graphic: Square)Full-service restaurants experience higher inflationFollowing the COVID-19 pandemic, restaurants began to experience higher inflation caused by a number of factors like labor, supply chain issues, growing food prices, and increased operating costs. When comparing the price change for top selling items at restaurants, Square found that since February 2020, full-service restaurants have been hit harder with i
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