Restaurant Stocks Face Tough Going in New Year

Restaurant stocks may have feasted in 2021, but negative events are stacking up against food and beverage establishments in early 2022 – and that could mean thin gruel for restaurants over the long haul.

“In review, 2021 was an interesting year for restaurants, and one where you realize how much we take for granted,” said TheStreet’s Jonathan Heller in Real Money recently. “It was no longer as simple as hitting the local drive-thru and quickly getting your order. I can’t tell you the number of times that I found places closed or waited more than a half hour for a drive-thru order.”

If disruptions hurt the industry, investors couldn’t tell based on 2021 restaurant stock returns.

“A basket of 40-plus restaurant stocks I follow were up an average of about 33% for the year versus 28.7% for the S&P 500, 14.8% for the Russell 2000 and 19.3% for the

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Restaurant Week in NYC: Staten Island eats are represented in the program

STATEN ISLAND, N.Y. — Restaurant Week kicks off this month on Jan. 18 to promote the New York City hospitality industry.

At the moment, Lorenzo’s Restaurant, Bar and Cabaret at the Hilton Garden Inn in Bloomfield is the only participating venue for the borough.

Restaurant Week runs from Jan. 18 to Feb. 13, Monday through Friday.

“We love participating in Restaurant Week because the special menu and pricing often attracts new guests to try Lorenzo’s — and we have a large, spacious dining room with an 1893 Steinway piano, delicious food, a fully vaccinated staff,” said Lois and Richard Nicotra, owners of the Hilton’s resident, linen cloth eatery. They pointed out upgrades in ventilation with the addition of the Atmos Air Purification system.

Restaurant Week allows them to show off their menu.

The Nicotras said, “Sometimes people who haven’t dined here yet think a restaurant in a hotel doesn’t have

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Most anticipated San Diego restaurant openings in 2022

Speaker 1: (00:00)

A lot of restaurants temporarily, or even permanently close during the pandemic. And now some restaurant owners are having trouble hiring enough staff. So what is it like to open a new restaurant in the middle of a pandemic? According to a recent article by San Diego union Tribune, reporter Pam Cragan at least three dozen new high profile restaurants in ours will be opening in San Diego this year. Pam joins me now to talk about some of the most anticipated restaurants of the year. Pam. Welcome.

Speaker 2: (00:28)

Thank you very much. Happy to be here.

Speaker 1: (00:30)

So these restaurants are all opening up sometime throughout this year, which means they’ve been in the works for a while. Now, what challenges has the pandemic brought to these restaurant owners trying to open a new place?

Speaker

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