Half of Canadian restaurants operating at a loss or ‘just breaking even’

[Germ]

https://globalnews.ca/news/9133517/rest ... osts-debt/

Restaurants are facing a bumpy road to recovery after years of pandemic-related challenges. They’re now dealing with rising expenses, low customer counts, high debt and low profitability, according to Restaurants Canada.

“Restaurant operators are struggling financially, with half of our operators operating at a loss or just breaking even,” said Christian Buhagiar, the CEO of the national organization.

“Those that are making money, it’s like two to three per cent, so those margins are extremely thin,” added Mark von Schellwitz, Restaurant Canada’s vice-president for Western Canada.

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