Economic News
February 9, 2022
Restaurants Experienced Negative Sales Growth Last Month, First Time Since February 2021
The restaurant industry saw negative sales growth last month for the first time since February 2021, according to Black Box Financial Intelligence’s latest Restaurant Industry Performance Pulse.
February 2, 2022
Restaurant Sales, Traffic Continue To Struggle, Says Black Box
Black Box Financial Intelligence released its latest Restaurant Industry Performance Pulse today, and it shows restaurant sales and traffic have yet to rebound.
February 1, 2022
2022 State of the Restaurant Industry Report Predicts Continued Challenges
The National Restaurant Association released its 2022 State of the Restaurant Industry report that looks at how the industry has been affected by pandemic-related changes and offers insights on where it’s headed.
January 31, 2022
Sales Fared Well for Full-Service Restaurants in 2021, Though Profit Margins Shrunk
While 74% of restaurants surveyed reported they maintained or increased sales in 2021, profit margins shrunk to 10%, compared to 12% in 2019, due to the increasing costs of running a restaurant.
January 31, 2022
Foodservice Industry Performance Drops for the Third Month
Technomic released its December TIndex, and it showed the performance of the industry has been on a continued decline since September.
January 12, 2022
Biggest Impact From Omicron Expected To Be on Staffing
Fitch Ratings expects the omicron variant to impact labor above all as the industry continues to grapple with staffing challenges.
January 12, 2022
December Restaurant Sales Surpass 2019 Levels
While December sales eclipsed 2019 levels, the month saw a steep decline in traffic and the biggest average check growth rate in over a decade.
January 6, 2022
MAFSI Barometer Shows ‘Continued Strong Recovery’ in Q3
MAFSI’s latest “Foodservice Business Barometer Report” indicates the industry is continuing to improve, as third-quarter sales rose 15.4% compared to the third quarter of 2020 when sales fell 24.4%.
January 5, 2022
Foodservice Had the Highest Quit Rate in November But Managed To Net Employees
Nearly 7% of accommodation and foodservice workers—or 920,000—quit their jobs in November, far surpassing any other industry, according to the Bureau of Labor Statistics.
January 5, 2022
FEDA Urges Congress To End Build Back Better Effort
FEDA joined other trade groups in signing a letter urging congressional leaders to end efforts to pass the multi-trillion-dollar Build Back Better package and instead focus on addressing inflation, labor shortages and supply chain constraints.
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