Economic News
November 28, 2022
Foodservice E&S Sales Fall Short of Q3 Expectations
Sales were up 9% in the quarter, missing the forecast gain of 11.5%, according to MAFSI’s Business Barometer.
November 22, 2022
Full-Service Restaurants Reel in More Back-of-House Staff
At the end of Q3, full-service restaurants averaged three more back-of-house employees per location compared to June, according to Black Box Intelligence.
November 11, 2022
Food Away From Home Index Rises 0.9% in October
The U.S. Bureau of Labor Statistics released its latest Consumer Price Index, showing food away from home prices rose 0.9% for the third consecutive month.
November 9, 2022
Nearly Two-Thirds of Operators Planning Capital Expenditures
According to the National Restaurant Association’s latest RPI, 63% of operators are planning for equipment purchases, expansion or remodeling during the next six months.
October 31, 2022
How Restaurants Performed in September
The decline in guest count continues to be the industry’s biggest challenge, says Black Box Intelligence.
October 27, 2022
4 Trend Predictions for 2023
A return to on-premise dining and employees’ calls for better working conditions are among trend predictions for 2023.
October 26, 2022
Restaurant Reviews Mentioning Inflation Intensify in Q3
More consumers are searching for budget dining options amid high prices, according to a new report from Yelp.
October 13, 2022
September CPI Rises 0.4%, With Food Cited as One of the Top Contributors
The food away from home index rose 0.9% last month, with menu prices now up 8.5% year-over-year.
October 13, 2022
4 Takeaways From Black Box’s Q3 Report
While large check growth helped restaurant sales in the third quarter, it negatively impacted traffic, according to Black Box Intelligence’s Q3 report.
October 7, 2022
Restaurant Job Growth Picks Up in September
The industry added 60,000 jobs last month but remains 4.5% below pre-pandemic staffing levels.
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