Economic News
February 18, 2022
January Restaurant Sales Dip for Second Consecutive Month Â
For the second straight month, restaurant sales declined in January and were lower than the volumes posted in each of the 10 months leading up to the pandemic.
February 16, 2022
Restaurant Sales Growth Continues in Negative Territory
For the fifth time in the last six weeks, restaurant sales once again fell into negative territory, but signs of relative improvement showed as the last two weeks fared slightly better, according to Black Box Financial Intelligence’s latest Restaurant Industry Performance Pulse. Â
February 10, 2022
Operators Competing Against All Spend Categories for Consumer Dollars Â
With inflation at a 40-year high and prices up across the board, competition for consumers’ dollars in restaurants has gotten stiffer.
February 9, 2022
Restaurants Experienced Negative Sales Growth Last Month, First Time Since February 2021
The restaurant industry saw negative sales growth last month for the first time since February 2021, according to Black Box Financial Intelligence’s latest Restaurant Industry Performance Pulse.
February 2, 2022
Restaurant Sales, Traffic Continue To Struggle, Says Black Box
Black Box Financial Intelligence released its latest Restaurant Industry Performance Pulse today, and it shows restaurant sales and traffic have yet to rebound.
February 1, 2022
2022 State of the Restaurant Industry Report Predicts Continued Challenges
The National Restaurant Association released its 2022 State of the Restaurant Industry report that looks at how the industry has been affected by pandemic-related changes and offers insights on where it’s headed.
January 31, 2022
Sales Fared Well for Full-Service Restaurants in 2021, Though Profit Margins Shrunk
While 74% of restaurants surveyed reported they maintained or increased sales in 2021, profit margins shrunk to 10%, compared to 12% in 2019, due to the increasing costs of running a restaurant.
January 31, 2022
Foodservice Industry Performance Drops for the Third Month Â
Technomic released its December TIndex, and it showed the performance of the industry has been on a continued decline since September. Â Â Â
January 12, 2022
Biggest Impact From Omicron Expected To Be on Staffing
Fitch Ratings expects the omicron variant to impact labor above all as the industry continues to grapple with staffing challenges.
January 12, 2022
December Restaurant Sales Surpass 2019 Levels
While December sales eclipsed 2019 levels, the month saw a steep decline in traffic and the biggest average check growth rate in over a decade.
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