TIndex Shows Foodservice Industry Sales Remain Strong

May 2021 TIndex (Photo Courtesy of Technomic)
May 2021 TIndex (Photo Courtesy of Technomic)

Technomic, a B2B and consumer trends research company, today released its May Technomic index (TIndex), a monthly report documenting the health of the foodservice industry in the United States. Despite a slight decrease from 94.6 in April to 94.3 in May, Technomic states that the industry continues to demonstrate improvement.

“The slight decrease in May is due to some deceleration in limited-service restaurants, although sales still remain very strong,” Managing Principal at Technomic Joe Pawlak said in a press release. “At the May level, the foodservice industry in that month was only 5.7% smaller than it was in 2019, but its overall sales increased by 55% over April 2020. This trajectory is very much in line with our revised 2021 forecasts that we released earlier in June.”

While limited-service restaurants took a slight dip, full-service restaurants improved in May.

Since January 2021, the TIndex has reported a steady increase within the industry. It grew from 82.2 in January to 86.1 in February to 94.1 in March.

For more information about this month’s TIndex, click here.

RELATED CONTENT

Chipotle 1200x800 1

Chipotle Sets Record Quarterly Sales of $2 Billion

Despite not yet recovering all its in-store sales, periodic staffing challenges, menu price hikes and supply chain disruptions, Chipotle Mexican Grill had a record third quarter, bringing in $2 billion...

Host 3 1200x800 2

HostMilano Kicks Off in Italy

HostMilano, one of the largest foodservice equipment shows in the world, kicked off today in Italy, and FER is on location.

- Advertisement -

- Advertisement -

- Advertisement -

TRENDING NOW

- Advertisement -

- Advertisement -