Economic News
August 1, 2022
June RPI Falls to Lowest Level in 16 Months
While most restaurant operators continued to report higher same-store sales compared to last year, the National Restaurant Association says customer traffic readings turned negative for the first time since February 2021.Â
July 28, 2022
Customers Are Noticing Menu Price Hikes, and It’s Impacting Traffic, Says Black Box
Black Box says guests are noticing the continuous menu price increases, and it’s impacting traffic and sales.
July 13, 2022
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.
July 11, 2022
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.
July 1, 2022
May TIndex Shows Restaurant Traffic is Softening Â
Foodservice sales have been gradually picking up since dropping in January, but they flattened last month.
June 30, 2022
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.
June 30, 2022
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
June 28, 2022
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
June 23, 2022
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
June 17, 2022
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.
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