Economic News
Black Box Says Check Growth Rates Have Hit a New Record
In the last two weeks, the two-year check growth rates were the highest ever recorded.
Supply Chain Issues Are Escalating for Foodservice E&S Manufacturers
A recent member study by the North American Association of Food Equipment Manufacturers shows supply chain issues aren’t letting up for U.S. foodservice E&S manufacturers.
Tourism-Related Restaurant Sales Fall Short This Summer
For most restaurant operators, their tourism-related sales this summer remained lower than pre-pandemic levels.
Black Box’s Weekly Performance Pulse Says Restaurant Sales Had Strongest Results Since July
Black Box Financial Intelligence’s latest Restaurant Industry Performance Pulse shows the week ending Sept. 5 was the strongest week for restaurant sales since July, but growth remains negative.
MAFSI Business Barometer Shows Strong Q2 Sales
According to the barometer, sales in the second quarter of 2021 climbed 19.1% over the second quarter of 2020, a jump from the projected increase of 16.1%.
Hiring Talent Remains Top Industry Challenge
Hiring talent remains the top industry challenge, according to the National Restaurant Association's mid-year State of the Restaurant Industry report.
TIndex Shows ‘No Indication’ of Industry Sales Being Impacted by Delta Variant
Despite a slight drop in July's TIndex, restaurant sales remain strong, according to Technomic.
Restaurant Sales Continue To Show Positive Growth, Despite Slowing Dine-In Traffic
The decrease in dine-in sales, combined with an increase in off-premise sales, is a sign that consumers may be reacting to climbing cases of COVID-19 driven by the delta variant in the U.S., according to the report.
TIndex Shows June Foodservice Sales Exceed 2019 Numbers
June is the first month since the pandemic to outpace corresponding monthly sales from 2019.
Big Chains’ Sales Are on the Upswing
More chains announced their second-quarter financial results today, and the results were promising. Sales at McDonald’s and The Cheesecake Factory increased 6.9% and 10%, respectively, over 2019 levels, outpacing pre-pandemic sales.
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