Restaurant sales

Introducing Toast’s Restaurant Trends Report: Restaurant Sales Increased 41% Year Over Year | News

BOSTON–(BUSINESS WIRE)–February 23, 2022– Toast (NYSE: TOST), the all-in-one platform built for restaurants, today announced the first edition of its quarterly Restaurant Trends Report, providing visibility into the overall state of the restaurant industry. dining through aggregate restaurant sales data on the Toast platform, which has approximately 57,000 locations at the end of 2021 in […]

Restaurant sales

Introducing the Toast Restaurant Trends Report: Restaurant sales increased 41% year-over-year

BOSTON–(BUSINESS WIRE)–Toast (NYSE: TOST), the all-in-one platform built for restaurants, today announced the first edition of its quarterly Restaurant Trends Report, providing visibility into the overall health of the restaurant industry through aggregate restaurant sales data on the Toast platform, which has approximately 57,000 locations at the end of 2021 in the United States Throughout […]

Restaurant marketing

A new survey describes the growth of TikTok as a marketing tool for restaurants

Popular social media channels provide businesses with an outlet for digital and social marketing campaigns. MGH, a full-service marketing and communications agency for franchise restaurants, sought to determine the level of influence of the increasingly popular platform, ICT Tac, has on restaurant industry users. Their findings indicate that TikTok can be an incredibly useful advertising […]

Restaurant marketing

Atlanta-based restaurant marketing agency Vigor is now part of Pavone Marketing Group, Inc.

Acquisition expands Pavone’s restaurant marketing offering Harrisburg, PA (Restaurant press release) Pavone Marketing Group (PMG), an independent, Pennsylvania-based marketing and research holding company, acquired Vigor, an Atlanta-based branding and marketing agency specializing in the food, beverage and hospitality industries. Acquisition will expand PMG’s CPG food and beverage marketing specialization to extinguish. Vigor has been developing […]

Restaurant marketing

Vigor, an Atlanta-based restaurant marketing agency, is now part of Pavone Marketing Group, Inc.

Acquisition expands Pavone’s restaurant marketing offering Harrisburg, Pennsylvania (RestaurantNews.com) Pavone Marketing Group (PMG), a Pennsylvania-based independent marketing and research holding company, acquired Vigor, an Atlanta-based branding and marketing agency specializing in the food, beverage and hospitality industries. Acquisition Will Expand PMG’s CPG Food and Beverage Marketing Specialization to extinguish. Vigor has been developing restaurants and […]

Restaurant sales

Restaurant sales and traffic take a hit in August, study finds

By: Kerry Pipes | 1,335 readings | 1 actions Restaurant sales and traffic had increased in recent months. It came to a halt in August, as rising Covid numbers and media coverage of the Delta variant impacted sales and traffic numbers. Sales growth was only 6.1% in August, down 2.1 percentage points from the strong […]

Restaurant sales

Restaurant sales were flat in August, even as the coronavirus increased

Restaurant sales were flat in August as COVID increased./Photo: Shutterstock The delta variant slowed the recovery of the restaurant industry. But he didn’t break it. Restaurant sales stagnated in August, according to U.S. census data released Thursday. Food services and drinking places generated just under $ 72 billion in sales in August, up 32% from […]

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

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 show few signs of slowing

Photography: Shutterstock Restaurant sales have been rising for nearly three months and show no signs of stopping, at least according to the latest update from Black Box Intelligence. The restaurant information company said same-store sales accelerated last week and have risen for 11 straight weeks. Sales for the week ended May 30 were the index’s […]

Restaurant sales

Restaurant sales fell 26% in January

A new report released by the National Restaurant Association shows that restaurants across the country continue to struggle because of the Covid-19 pandemic. More than three-quarters of the 3,000 restaurateurs recently surveyed by the association say their sales were lower in January than they were in January 2020 and, on average, sales were […]

Restaurant sales

Restaurant sales to increase 10.2% in 2021, according to National Restaurant Association

Photography: Shutterstock Sales at food and beverage establishments in the United States will increase 10.2% in 2021 to a total of $ 548.3 billion as consumers respond to pent-up demand for dining experiences that were denied to them during the pandemic, according to a forecast released by the National Restaurant Association. The increase would follow […]

Restaurant sales

Dining out: restaurant sales in December decline, ending a year of crisis

Sales in American bars and restaurants further eroded in December 2020 as the industry ended the year still grappling with the COVID-19 pandemic. December restaurant sales fell at a double-digit rate year over year, dropping for the third month in a row and ending a year of crisis for the restaurant industry. The National Restaurant […]

Restaurant sales

Dining Out: US Restaurant Sales In November Stung By Cold And Pandemic

Sales in American bars and restaurants in November fell from the previous month as rising COVID-19 cases resulted in tighter restaurant restrictions and temperatures plummeted across the country. Experts see tough conditions for restaurants persist for months. The total number of jobs in food services and drinking places fell in November for the first time […]

Restaurant sales

Restaurant sales and traffic stumble again in November

Restaurant industry sales stumbled again in November as the number of COVID cases rose rapidly and colder weather began to become a barrier to outdoor dining in many parts of the country. Same-store sales growth was -10.3%, down 3.8 percentage points from the year-over-year sales growth rate in October. Same-store traffic of -16.3% in November […]

Restaurant sales

At the restaurant: Restaurant sales heat up in September but lack heat from previous months

US bar and restaurant sales in September continued to rebound from pandemic-induced declines earlier in the year, although the pace of growth remained slower than in previous months. Food services and drinking places also added jobs at a moderate pace in September, suggesting that a longer recovery may be in store for the restaurant industry. […]

Restaurant sales

Dine out: August U.S. restaurant sales rise as industry struggles continue

The recovery in US restaurant sales and employment continued in August, but at a slower pace than in previous months. August sales from the beleaguered industry fell about 15% from the year-ago period, leaving the US restaurant industry on course to lose $240 billion in sales by the end of the year, according to the […]

Restaurant sales

Restaurant sales are improving, but it’s a complicated landscape

For the third week in a row, restaurant chains reported improved year-over-year comparable store sales compared to the prior period, according to Black Box Intelligence. Earnings for the week ending April 19 fell 47.6%, the best result since March 15 and an 11.3% improvement over the prior period. Over the past two weeks, all segments […]

Restaurant sales

First look at the impact of the coronavirus on restaurant sales

The spread of COVID-19 over the past few months — and subsequent social distancing and closed dining rooms — has reduced restaurant sales in all corners of the industry. But the situation has cut some brands much deeper than others. In this overall negative picture, there are clearly haves and have-nots. Analysis of recently released […]

Restaurant sales

Dine Out: U.S. Restaurant Sales Growth Outpaced Retail Sales Again in November

Year-over-year sales growth for U.S. bars and restaurants in November again outpaced overall retail spending gains for the third month in a row, according to an analysis by S&P Global Market Intelligence. Food services and drinking places continued to add jobs in November at a faster rate than the economy as a whole, and menu […]

Restaurant sales

At restaurants: U.S. restaurant sales growth outpaced retail sales again in October

According to an analysis by S&P Global Market Intelligence, year-over-year sales growth for U.S. bars and restaurants continued to outpace overall gains in retail spending in October despite slowing from the previous month. Food services and drinking places also continued to add jobs in October at a faster rate than the economy as a whole, […]

Restaurant sales

At the restaurant: the growth of restaurant sales in the United States accelerates in September

Sales growth at U.S. bars and restaurants accelerated in September after a summer slowdown, according to analysis by S&P Global Market Intelligence. Employment in food services and drinking places increased in September due to higher menu prices. Meanwhile, stock prices of most of the largest publicly traded restaurants by market capitalization declined in the month […]

Restaurant sales

Dining out: U.S. restaurant sales growth slows further in August

Sales growth at U.S. restaurants and bars continued to slow in August and has underperformed the broader retail sector for two straight months, according to analysis by S&P Global Market Intelligence. The number of employees in food services and drinking places grew faster in August than job gains in the economy as a whole, and […]

Restaurant sales

Restaurant sales rise to $863 billion in 2019

The restaurant industry is moving in the right direction. In its annual report on the state of the restaurant industry, the National Restaurant Association outlined where the business is and what operators can expect over the next decade. After analyzing surveys of restaurant owners, chefs, operators and consumers, the Association found that the overall industry […]

Restaurant marketing

7 Companies Changing the Face of Restaurant Marketing

Rom Krupp, CEO of Marketing Vitals, speaking to restaurateurs about the role of data in marketing. Rom Krupp Marketing is an uncertain science, a mixture of luck and intuition, data and experimentation. And, when it comes to restaurant marketing, innovation can come from creative agencies, courageous restaurateurs, or franchise companies that want to bring their […]