Economic News

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Full-Service Meal Prices Soar to Record Highs

Full-service meal prices hit a record high in April, while food away from home prices overall continue to rise.

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Restaurant Industry Adds More Jobs in April

Though employment remains down from pre-pandemic levels, the industry continues to see monthly gains.

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Tenure of Hourly Restaurant Employees Has Dropped Significantly, Says Black Box

The trend reporting firm says over 60% of employees have been with their employer for less than a year.

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Restaurant Traffic Down From Last Year, Up From Two Years Ago

Restaurant traffic from the first quarter of the year didn't beat last year's, but it remains up from 2020 when the pandemic started, according to The NPD Group.

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Worldwide Coffee Supply Chain Hits New High

New markets and age groups are turning to the caffeinated beverage, according to HostMilano.

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Top 50 U.S. Restaurant Chain Rankings Announced

The Top 5 chains retained their ranks in The NPD Group’s 2022 report.

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Dining Out Tops List of Inflation-Related Spending Cuts

42% of consumers polled say they’ll save by cutting back on eating out.

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Restaurant Sales Growth Continues to Slow

While restaurants still are exceeding last year’s sales, the sales growth rate has slowed “considerably” in the last four weeks.

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Restaurant Sales Enter Third Week of Single-Digit Growth

While restaurant sales growth improved for the week ending April 3, it slowed to single-digit growth for the third week.

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Food Away from Home Index Spikes to 40-Year High

As operators battle their own higher costs, menu prices continue to rise—and they’ve now hit a new high.

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