Home > DEFINITION, HOSPITALITY > DEFINITION: COGS a/k/a Cost of Goods Sold

DEFINITION: COGS a/k/a Cost of Goods Sold

COGS is an acronym for “Cost of Goods Sold” frequently used in the hospitality industry.  It is especially used as verbal shorthand by beverage and kitchen managers to describe costly situations that need corrective management.

“Dude, that bartender may have a following but his COGS is through the roof with all of the giveaways.”

“The swordfish steak special is very tasty but at $14.95 an entree the COGS is way out of line for a product bought at full price.”

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Categories: DEFINITION, HOSPITALITY
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