January 29, 2025 — The U.S. restaurant industry is coming off a year in which it struggled to keep menu prices low due to high labor and operational costs at the same time inflationary pressures led consumers to eat more food at home.
This resulted in several notable bankruptcies, including Red Lobster, TGI Fridays, Rubio’s Coastal Grill, Buca di Beppo, and more.