What is the cogs for a food service?

COGS, or Cost of Goods Sold, for a food service refers to the direct costs attributable to the food and beverages sold during a specific period. It includes the cost of ingredients, raw materials, and any other direct expenses related to food preparation. Calculating COGS helps food service businesses assess their profitability and manage inventory effectively. Keeping COGS low while maintaining quality is essential for maximizing margins in the competitive food industry.