If you’re waiting for the end-of-month P&L to find out how your venue is performing — you’re behind the best in the industry.
Your accountant’s report is still important. But it only tells you what already happened. What you need is a way to know — this week — whether you’re on track.
That’s where weekly profit indicators come in.
It’s Not About Ditching the P&L
We’re not saying throw away your monthly profit & loss statement. It’s still essential for reviewing the big picture and understanding your full financials.
But in hospitality, waiting until month-end is too slow. Weekly profit tracking gives you:
- Immediate insight into performance
- The ability to adjust spending in real time
- A better rhythm for coaching your team
It doesn’t replace your accountant — it makes their insights more useful because you’re staying in control week by week.
How Weekly Profit Indicators Work
Using the PERI framework (Plan, Execute, Results, Improve), venues can:
- Plan: Forecast sales and wages before each week starts
- Execute: Track actual sales and wages daily
- Results: Review actual vs forecast and see a weekly profit estimate
- Improve: Discuss what worked, what didn’t, and what needs to change next week
You also review an 8-week trend and use a Profitability Matrix — a simple tool that shows you, at a glance, whether the week was likely profitable, breakeven, or a loss.
Why It Works
Let’s say your Tuesday was unexpectedly slow. With weekly tracking, you’ll see that on the day and can adjust Wednesday’s roster to avoid going over.
Or maybe your sales have been flat, but your wage % is improving. That’s worth celebrating — and with weekly tracking, you can see that progress immediately.
These are the kinds of insights that drive better performance. The team isn’t just reacting — they’re managing.
It Builds a Performance Culture
The real power of weekly profit tracking is in how it changes behaviour.
- Managers stop guessing
- Chefs adjust their team based on bookings
- Everyone starts thinking about numbers — and about improvement
It’s not about micromanaging. It’s about empowering your leaders with clarity and control.
Conclusion
Don’t wait for the P&L to tell you how you did.
Use weekly profit indicators to stay in control every single week.
The PERI framework gives you the structure — all you need is the numbers and the rhythm.
Want help installing PERI at your venue?
✅ Weekly coaching
✅ Forecasting tools
✅ Real-time profit tracking
Learn more and start running your venue week to week — with confidence.