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New York Times: U.S. Economy Shrank in First Quarter, but Underlying Measures Were Solid
Melting Pot CEO provides insight on how the brand is combating the labor shortage as sales rise
In the first quarter, The Melting Pot exceeded economic expectations, while the U.S economy was still in recovery. Melting Pot’s revenue dipped in January as COVID-19 cases started to rise. However, on Valentine’s Day, the sales rose by over 40% from 2019. The company recognized that sales could be higher if they hired enough people.
“We’re not able to meet demand. We need more team members, and we’re struggling with keeping the bench full,” said Bob Johnston, Chief Executive Officer.
To combat this issue, the Melting Pot has raised wages to attract workers.
Read the full article in The New York Times.
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