Economic News

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June 2, 2022

Sales Growth Streak Continues for Restaurants Despite Traffic Losses

For the last 11 consecutive weeks, restaurant traffic has declined, but restaurants are managing to hold on to positive sales growth year over year.

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May 31, 2022

April Foodservice Sales Surpass 2019 Levels

Foodservice industry sales are exceeding pre-pandemic levels for the first time since last summer.

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May 25, 2022

Incentivizing Teens, Young Adults Could Be Key To Staffing Restaurants This Summer

Slight increases in workforce participation rates for 16- to 24-year-olds would significantly add to the labor pool.

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May 18, 2022

Middle-Income Consumers Ordering From Restaurants Less

Ever-rising food away from home prices and record inflation may be to blame for more consumers cutting back on ordering from restaurants.

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May 12, 2022

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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May 9, 2022

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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May 4, 2022

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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May 3, 2022

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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May 2, 2022

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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April 27, 2022

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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