Economic News
Food Away From Home Costs Continue To Rise
Inflation surged again in June, hitting a new 40-year high—and restaurant menu prices weren’t spared.
Restaurant Spending Continues To Decline in July
Restaurant spending has been slowly declining since March, and it saw its biggest dip this year in July, according to the monthly Consumer Spending Report on retail sales by Chain Store Guide.
May TIndex Shows Restaurant Traffic is Softening Â
Foodservice sales have been gradually picking up since dropping in January, but they flattened last month.
What To Know From the Latest Restaurant Performance Index
While the National Restaurant Association’s RPI dipped in April, May proved to be a stronger month, with restaurant operators reporting positive same-store sales and traffic compared to last year.
Technomic Adjusts Sales Forecast, Checks on Trends in Midyear Update
In the research firm’s new 2022 Midyear Update, Technomic adjusts its outlook to predict the restaurant and bar industry will grow 6.1% on a nominal basis.Â
Business Dining Inches Toward Full Recovery
A report from Dinova and Technomic predicts that the Business Dining Index could hit 96 by the end of the year. Â
Restaurants Are Returning to Pre-Covid Levels or Better But Can’t Meet Demand, Says Study
Over half of operators say they don’t have enough staff to handle summer business, and one-third currently aren’t operating at full capacity. Â
MAFSI Reports ‘Strong’ But Softening Q1 Sales
First-quarter sales were just shy of the forecast gain of 16.8% at 15.2%, according to MAFSI's latest business barometer.
Restaurant Traffic Hits New Low, But Sales Trend Higher
The industry had its second-lowest traffic growth rate this year for the week ending June 5, but sales still continue to trend upward.
5 Ways To Help Dealers Amid Market Challenges
Singer Equipment Co. offers operators tips on how they can partner with dealerships to mitigate market challenges. Hint: Expect the unexpected.
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