Restaurant sales

Luby’s Closes Restaurant Sales, Reaches New Deal To Sell Real Estate

Luby’s signed a deal last week to sell dozens of Texas properties to an Arizona-based real estate company in a deal valued at $ 88 million. Store Capital Acquisitions has agreed to buy up to 26 of Luby’s Texas properties and expects to close the sale on Oct. 12, according to a filing with the […]

Restaurant sales

As Americans dine out, Hormel restaurant sales increase

Americans are dining out again, and sales at Hormel restaurants reflect this. The restaurant business at the company, which serves the restaurant industry, jumped 45% from last year’s pandemic-induced lull in the summer quarter. The Austin, Minnesota-based food maker on Thursday reported sales growth across all lines of business in its fiscal third quarter ended […]

Restaurant sales

NRA increases restaurant sales forecast for 2021 to $ 789 billion

Dive brief: The National Restaurant Association predicts that restaurant and foodservice industry sales for 2021 will total $ 789 billion, according to the organization Semi-annual report on the state of the restaurant industry published Tuesday. The association previously forecast sales to reach $ 731 billion in a report it came out earlier this year. Citing […]

Restaurant sales

Restaurant sales are exploding, but for how long?

The restaurant industry continued to regain its financial footing in June, but aftershocks from the pandemic have yet to subside. “The industry is currently extremely strong and is booming. For many operators, they have more business than they can handle, ”said Joseph Pawlak, CEO of Technomic. The Food Institute. “But on the negative side, commodity […]

Restaurant sales

Digital fundraisers boost restaurant sales amid pandemic

McAlister’s Deli, On the Border Mexican Grill and Cantina and Modern Market roll out new solution for restaurants to engage local community groups (RestaurantNews.com) Think restaurant fundraising is a thing of the past? Think again: fundraising for restaurants has gone digital and the results are staggering. As dining restrictions continue to evolve, restaurants can now […]

Restaurant sales

5 stocks to buy as restaurant sales return to normal

The restaurant industry appears to be finally getting back on its feet, with sales rebounding to pre-pandemic levels as more people dine out. In addition, people are spending more, with the new round of fiscal stimulus giving them more purchasing power. Although retail sales declined in May, sales in bars and restaurants increased surprisingly. This […]

Restaurant sales

Restaurant sales in the United States soar as pre-pandemic life returns

Monthly sales of food services and drinking places in the United States (seasonally adjusted) * Photo: Statista / IBT Retail and food service sales in the United States fell a modest 1.3% in May after rising sharply for most of 2021. The decline reported by the United States Census Bureau earlier this week is widely […]

Restaurant sales

California North Coast winemakers see visitors, restaurant sales return

What a difference it is in the North Coast from a year ago, when local wineries and restaurants began to reopen from the first shelter-at-home order that went into effect statewide in mid-March. This was reversed in early July 2020, less than a month later, followed by the color-coded tier system in late August which […]

Restaurant sales

Restaurant sales are improving, with a few notable exceptions

Photo: Jeenah Moon (Getty Images), Naomi Baker (Getty Images), Ethan miller (Getty Images), Matt Cardy (Getty Images), Justin sullivan (Getty Images), Christophe Furlong (Getty Images) The past year has been, shall we say, “less than kind” for the restaurant and hospitality industry, and when it comes to publicly traded restaurant chains, we know exactly how […]