Economic News

Untitled design 2022 04 06T141552.550

Younger Demographics Driving Full-Service Restaurant Growth

Sales at full-service restaurants haven’t returned to pre-pandemic levels, and it’s due to older guests not spending as much, says Black Box.

Untitled design 2022 03 31T121303.435

Technomic Expects Consumers To ‘Trade Down’ Foodservice Due to High Gas Prices

While Technomic expects consumers to still visit restaurants, the firm expects they’ll be signing smaller guest checks as they choose more affordable dining spots and forego extras like add-on desserts, appetizers and beverages.

Untitled design 2022 03 30T162942.498

Restaurant Sales, Traffic Take a Dip, Says Black Box

For the week ending March 20, Black Box says same-store sales took a dip, and though they remain positive, the decline may suggest “a future possibility of negative sales growth.”

Untitled design 2022 03 30T141236.420

Report Says Guest Satisfaction Declined Among All Restaurant Segments Last Year

As restaurants battled staffing challenges, COVID-related protocols and supply chain shortages last year that significantly impacted operations as restaurants were reopening, it appears overall guest satisfaction took a hit along the way.

Untitled design 2022 03 22T150633.967

MAFSI Barometer Shows a ‘Healthy Increase’ in Sales for Q4

Sales projections were nearly right on target, with Q4 sales growing 17.3% over Q4 2020. MAFSI predicts a 16.8% sales increase for Q1 2022.

Untitled design 2022 03 18T105303.465

Gas Prices Could Spell Trouble for March Restaurant Sales

The restaurant industry caught a bit of a break in February as a dip in the omicron variant led to the strongest monthly sales increase in nine months. However, the reprieve might be short-lived.

Untitled design 96

Restaurant Sales Growth Hits a Positive Streak

Restaurant industry sales are finally showing signs of recovery, according to Black Box Financial Intelligence’s weekly Restaurant Industry Performance Pulse.

Untitled design 57

Valentine’s Day Helps Boost Restaurant Sales into Positive Growth Territory

After weeks of declining restaurant sales growth, the industry saw some improvement for the week ending Feb. 20, according to Black Box Financial Intelligence’s weekly Restaurant Industry Performance Pulse.

Untitled design 46

Foodservice Industry Decelerates for Fourth Straight Month, Says Technomic

Technomic released its TIndex—a measurement of the health of the foodservice industry—for January, and it shows the industry has experienced four consecutive months of deceleration.

Untitled design 44

Supply Chain Challenges Continue To Hinder Foodservice E&S Manufacturers

Respondents in NAFEM’s latest member survey once again report rising costs of shipping and supply shortages as top concerns.

- Advertisement -

- Advertisement -


- Advertisement -

- Advertisement -

- Advertisement -

- Advertisement -