Why Waiting for Your P&L is Costing You Profit and How PERI Fixes It
In hospitality, most venues don’t realise they’re managing profit far too late. They wait for the monthly P&L, spot problems that happened weeks ago, and by then, the damage is done. This is the exact cycle that keeps good venues from becoming great, and profitable venues from reaching their potential.
At Profitability Partners, we see it every day. Venues rely on monthly results to guide decisions, but real success in hospitality comes down to how well your team performs week by week. The solution? The PERI framework, a weekly system designed to move the needle in real time.
Why Monthly Isn’t Enough
Your monthly profit and loss statement is a report card. It tells you what happened, but not why it happened or how to fix it in time. By the time you find out labour blew out or that margins dropped, those shifts are long gone.
In a fast-moving industry like hospitality, this lag is lethal.
The Power of Weekly Planning
PERI stands for:
- Plan the week ahead
- Execute against the plan
- Results
- Improve
This isn’t theory. It’s the rhythm we coach every week inside real venues. When owners, managers, and chefs meet for 30 minutes a week with clear data and shared targets, results follow.
What “Results” Actually Looks Like
At the Results stage, we focus only on key numbers:
- Wages vs. Sales — both previous week and current week, broken down daily
- 8-week trend line — to assess improvement or decline
- COGS vs. Sales — reviewed weekly
- Total Weekly Wages — aligned with forecast
- Theoretical vs. Actual — to show operational accuracy
- Profit Indication — combining actuals and estimates to get a directional view
That’s it. No fluff. No distractions. Just a tight financial view of what really matters.
What “Improve” Really Means
From there, we shift into Improve. This is about asking:
- What can be improved?
- Are we tracking toward profitability?
- How do we adjust this week based on what we saw last week?
We use the data to create targeted actions, not guesses, and refine the plan every single week.
Weekly Rhythm, Weekly Wins
PERI gives teams a shared rhythm. It brings clarity, focus, and ownership to weekly decision-making, something monthly reviews simply can’t do.
Final Thought
If your venue is still relying on monthly numbers to drive performance, you’re playing the game too late. Hospitality is won or lost by the week. PERI turns that into a process.
