Economic News

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IFMA Projects 4.6% Foodservice Industry Growth This Year

While the foodservice industry isn’t expected to reach 2019 operator spend levels quite yet, the International Foodservice Manufacturers Association is predicting 4.6% real growth this year compared to 2021.

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January Restaurant Sales Dip for Second Consecutive Month

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.

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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.

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Operators Competing Against All Spend Categories for Consumer Dollars

With inflation at a 40-year high and prices up across the board, competition for consumers’ dollars in restaurants has gotten stiffer.

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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.

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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.

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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.

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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.

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Foodservice Industry Performance Drops for the Third Month

Technomic released its December TIndex, and it showed the performance of the industry has been on a continued decline since September.

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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.

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