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Basic financial statements Restaurant P&L: How to Read and Analyse a Profit and Loss Statement

Restaurant P&L: How to Read and Analyse a Profit and Loss Statement

A restaurant profit and loss statement, also called a P&L or income statement, is a financial document that details a business’s total revenue and expenses over a specific time period. A restaurant P&L provides a snapshot of the most fundamental metric a business has: how much profit is being made, and from where.