Restaurant sales

NRA: Restaurant sales in the United States are expected to reach $898 billion in 2022

The U.S. restaurant industry is expected to hit $898 billion in sales this year, returning to the trajectory of the pre-COVID pandemic, the National Restaurant Association said in its 2022 State of the Restaurant Industry Report. published on Tuesday. The Washington, DC-based association in the new report available for download, noted that foodservice sales remain, […]

Restaurant sales

Restaurant sales expected to increase this year, but volatility will continue

Photo by Jonathan Maze The National Restaurant Association expects industry sales to rise 12.4% this year to $898 billion, a nominal record that would be 3.9% higher than 2019 sales levels, according to its annual report on the state of the restaurant industry released on Tuesday. But other data suggests a tougher year than it […]

Restaurant sales

Independent restaurant sales plummet amid Omicron surge, survey finds

About 58% of restaurants said sales had more than halved in December 2021. Credit: Nenad Maric/Pixabay. A new investigation found that a majority of independent restaurants in the United States saw declining sales in December 2021, following an increase in Covid-19 cases driven by the Omicron variant. The survey is based on data collected by […]

Restaurant sales

4 solid stocks to buy when restaurant sales surge in September

The Delta variant of COVID-19 has been a cause for concern for the past two months, but it hasn’t shaken people’s confidence much. As the economy continues to reopen, people are stepping out of their homes with confidence. This has seen the catering industry gradually recover, with sales rising. And with the festive season approaching, […]

Restaurant sales

Restaurant sales return to normal: 4 stocks to buy

The Delta variant of the coronavirus has been a cause for concern over the past month, but it’s not affecting restaurant sales much. After a tumultuous year of sales, the industry is finally getting back on its feet. According to the National Restaurant Association (NRA), the Delta variant may slow the recovery of the restaurant […]

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

U.S. restaurant sales boom, but employment continues to slow – Quartz

The pandemic has hit the restaurant industry hard in the United States. More than 110,000 American restaurants have either permanently or long-term closed following last year’s pandemic – with nearly 2.5 million jobs lost from pre-pandemic levels, according to the National Restaurant Association. But business is picking up. As people emerge from lockdowns during the […]

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

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 marketing

4 Ways to Increase Your Restaurant Marketing ROI

Customer habits influence the vast majority of restaurant operations. For operators, attracting new customers and ensuring they stay loyal is key to success – and that’s never been more important than in today’s post-pandemic landscape, when money from consumers is up for grabs, but that consumers’ needs are different from what they used to be. […]

Restaurant sales

Temporary pop-ups in Northwest Arkansas boost restaurant sales

Jonathan Key, director of drinks and bar at Bentonville’s restaurant The Preacher’s Son and Undercroft – the intimate bar and lounge in the restaurant’s basement – said the owners had recently transformed the cocktail bar into The Oasis at Undercroft on the tropical theme. The temporary (pop-up) event started on March 19 and will run […]

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

Expected increase in US restaurant sales in 2021 not enough to offset losses from pandemic – report

Jan.26 (Reuters) – An expected 11% increase in US restaurant sales in 2021, to $ 731.5 billion, will still not be enough to offset the industry’s heavy losses in 2020 due to the coronavirus pandemic, according to a report released Tuesday. Sales in the hard-hit industry fell nearly 24% in 2020 to $ 659 billion […]

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

Which states are doing the worst, the best for restaurant sales?

Staff at The Vineyard restaurant prepare food and drink for guests in accordance with social distancing guidelines in June. Photo contributed. published on December 31, 2020 – 2:57 PMWritten by Business Journal staff Across the country, among all types of restaurants, a new study shows spending on food and drink only declined by an average […]

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

Dine out: US restaurant sales in October stall as harsh winter sets in

Sales at U.S. bars and restaurants stalled for another month in October as states tighten pandemic-related restrictions and the industry prepares for an even tougher winter with limited outdoor dining options. The rate at which food services and drinking places added jobs in October suggests a full recovery won’t occur until late 2021 at the […]

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

Dining Out: Pandemic Hits U.S. Restaurant Sales in March; experts fear the worst to come

Experts say the pain for the US restaurant industry is set to continue after sales fell nearly a quarter in March as the coronavirus keeps dining halls closed across the country and businesses look to snag take-out and delivery sales. Nearly half a million restaurant workers lost their jobs in March in what experts say […]

Restaurant marketing

7 unique restaurant marketing ideas for Valentine’s Day

February 6, 2020 2 years through Morgan davis Valentine’s Day is a holiday centered on loving and appreciating someone special. Since many people choose to celebrate by planning a special night that includes dinner – the second most popular day for dining out – restaurants are slammed with reservations every year. As a business owner, […]

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 marketing

Seven best practices for restaurant marketing

There are over a million restaurants in the United States, according to data from the National Restaurant Association. With so much potential competition, how do you keep the noise down? Marketing your restaurant can come in all shapes and sizes, from the right signage to removing social media chatter. Having a variety of tools at […]

Restaurant marketing

Restaurant Marketing Ideas For May

According to the National Restaurant Association, Mother’s Day is the most popular day of the year for dining out. But your restaurant marketing efforts don’t have to end there. Savvy restaurant owners and operators know there are many special days in May that can be used with promotional activities. Mother’s Day isn’t the only day […]

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 […]