It’s with sad news today we learned of the death of Joe Buckley, Bank of America Merrill Lynch’s restaurant analyst. Joe was recognized by those in both the restaurant industry and securities business as one of the top restaurant analysts. Restaurant industry consultant Malcolm Knapp said it best of Joe: “He was a guy of great integrity and honor.”
Commodity costs play an important role in the profit or loss of a restaurant. We think restaurateurs should follow McDonald’s lead. Do the simple math, buy certain commodities only when they are favorable to your restaurant business. An article by Jonathan Newman of the Mises Institute hammers our point home with, love it or hate it, the McRib.
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