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1 day agoAnalysts See Big Upside for Chipotle Stock For This Reason
Comparable sales returned to positive traffic in Q1, while revenue grew, but profitability remains pressured by rising labor and food-related costs.
When the expansion was announced last year, the government said all retailers would have a 10 per cent wholesale discount from the LCBO until an overall new wholesale pricing structure is rolled out in 2026. This spring, the government temporarily increased that discount to 15 per cent for bars, restaurants and convenience stores, citing the need to protect them from impacts of U.S. tariffs.
2025 is proving to be one of the most challenging years yet for the hospitality industry in the UK, with the increase in National Insurance contributions and London Living Wage, the decrease in business rates relief, and the 20% rate of VAT putting a huge strain on the industry. Venues continue to close, with two hospitality sites closing per day in the first six months of the year and the hospitality sector accounting for 53% of all job losses in the UK since the Budget.