Foodservice Equipment Reports

CRFA Boosts Forecast for Restaurant Sales This Year

“Restaurant sales are in better shape than we expected,” the Canadian Restaurant and Foodservices Association stated in a release July 14 announcing an upgrade in the groups’ forecast for restaurant sales in Canada this year. The group revised its forecast upwards to 4.2% nominal growth from its original forecast of modest 2.9% growth, made last December. It cited better than expected first-quarter sales, the mild winter and the Leap Year extra day in February among factors prompting the revision. Total restaurant sales in Canada should reach nearly $53 billion (Canadian) this year. With noncommercial segments included, the industry will surpass $65 billion this year, the association projects.

Quick-service restaurants are forecast to grow fastest, up 4.9% this year. Full-service growth is forecast at 3.9%. Catering sales are expected to growth 4.4%, driven in part by increased demand among oil and gas exploration and other resources industries in the western provinces. Sales at drinking places are projected to fall 0.8% as weaker consumer demand and stricter drinking and driving legislation impacts bars and taverns, especially in the West.

Related Articles

Traffic Flat In Canada Past Year, Says NPD, But CRFA Forecast For 2014 Improves

Canadian Restaurant Sales Slowed In 4Q, Says CRFA

Technomic Boosts 2015 Forecast Of U.S. Operator Sales

Related Events

25 Sep

Restaurant & Takeaway Innovation Expo


27 Aug

North Carolina Restaurant & Lodging Expo

Charlotte , NC

06 Sep

Florida Restaurant & Lodging Show 2018

Orlando , FL