---
title: "NATION’S RESTAURANT NEWS: Famous Toastery CEO Speaks on Inflation and How It Impacts Their Business"
url: https://burnaze.com/article/d93c291b-6d4c-4067-9c4c-ed3b00deece5
source: "1851 Franchise"
original_url: https://1851franchise.com/nations-restaurant-news-famous-toastery-ceo-speaks-on-inflation-and-how-it-impacts-their-business-2719202
category: "Restaurants"
industry: "Restaurants"
topics: ["People","Operations"]
published: 2022-07-25T19:14:00.000Z
modified: 2026-11-01T02:10:16.515Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/b88758b0299b43a0967bbf6793e3051a5618.jpg
---

# NATION’S RESTAURANT NEWS: Famous Toastery CEO Speaks on Inflation and How It Impacts Their Business

**TL;DR:** Famous Toastery CEO Robert Maynard discusses how inflation affects menu pricing, wages, and the restaurant industry's business model in a podcast interview with Nation's Restaurant News. Restaurants are changing their business models and menus to adapt to inflation.

*originally published in 1851 Franchise on 2022-07-25. [Read the original](https://1851franchise.com/nations-restaurant-news-famous-toastery-ceo-speaks-on-inflation-and-how-it-impacts-their-business-2719202).*

## Story

In a recent podcast interview with Nation's Restaurant News, Famous Toastery CEO, Robert Maynard, discussed current inflation trends, how it affects menu pricing, wages, and more in the restaurant industry, and how the brand has adjusted to inflation.

In April, it was reported that restaurant traffic was down, especially in restaurants with family atmospheres. Households with children saw an 8–9% decrease in restaurant visits. Restaurants now have to change their business model and even their menus to adapt to inflation.

“It’s being creative. It’s being creative about what you will put on and take off the menu. You also have to know that it’s a work in progress,” says Maynard. “It’s like we’ve been dealt a whole new hand in the restaurant business, and you can’t sit around and debate anymore. There is no time left. People have to make decisions quickly and precisely, and even if they make a mistake, I would rather make a mistake than just not make decisions.”

## Entities

- 1851 Franchise (publication)
- Restaurants (sector)
- menu pricing (topic)
- restaurant industry (topic)
- Nation's Restaurant News (publication)
- business model (topic)
- Famous Toastery (company)
- inflation impact (topic)

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Originally reported by 1851 Franchise (https://1851franchise.com/nations-restaurant-news-famous-toastery-ceo-speaks-on-inflation-and-how-it-impacts-their-business-2719202). Summarized by Burnaze (https://burnaze.com/article/d93c291b-6d4c-4067-9c4c-ed3b00deece5).