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 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

Omicron accelerates decline in restaurant sales | Business

The heavy blow to restaurants nationwide demonstrates the pandemic’s continued blow to the industry, despite national efforts to avoid the economic pitfalls of closings this winter. Sales fell at 98% of restaurants across the country in December, according to a survey of 1,169 restaurants by the Independent Restaurant Coalition. Sales fell by at least half […]

Restaurant marketing

Dineline Launches a Restaurant Marketing System Like You’ve Never Seen Before

When it comes to building lasting relationships, customer engagement is key to establishing a foundation of trust between restaurants and their customers. A restaurant can benefit from customer engagement if it wants to increase the number of repeat customers entering its premises. It’s no longer enough to simply impress the customer with your delicious food […]

Restaurant sales

Restaurant sales of Chipotle rebound | 2021-10-25

NEWPORT BEACH, CALIF. – Restaurant sales at the Chipotle Mexican Grill have recovered nearly 80% from pre-pandemic levels, said Brian R. Niccol, chief executive, during a call Oct. 21 to discuss the results of the third trimester. “While the impacts of COVID will likely persist for a few more quarters, we hope the worst is […]

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 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

Delta has cut restaurant sales, but Americans are still spending a lot of money

The delta variant of the coronavirus slashed restaurant sales in August, but Americans instead spent more money on other products. A survey of retailers shows sales rose sharply in the past month, with the exception of a few categories that have been hit the hardest by the pandemic. Take receipts from restaurants. They barely increased […]

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

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

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

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 marketing

Marketing tips for restaurants during the summer holidays

Summer events and holidays such as Memorial Day, Graduation Season, Father’s Day and Independence Day are fast approaching. With more customers researching and ordering online than ever before, it’s crucial that restaurants do everything possible to maximize online exposure and visibility. In reality, 88% of consumers who conduct local searches on their mobile will visit […]

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 […]

Restaurant sales

Beyond meat loss exceeds higher cost forecasts, restaurant sales slow

A woman sits next to a poster at the booth of the plant-based food company Beyond Meat at VeggieWorld in Beijing, China on November 8, 2019. REUTERS / Jason Lee Register now for FREE and unlimited access to Reuters.com Register May 6 (Reuters) – Beyond Meat Inc (BYND.O) reported a larger-than-expected quarterly loss on Thursday […]

Restaurant sales

Outback Steakhouse and Bonefish Grill owner says restaurant sales exceed pre-pandemic levels, workers easy to find

Bloomin ‘Brands CEO David Deno told CNBC restaurant sales were 12.6% above 2019 levels. He said the company has taken advantage of the delivery option and reopened dining rooms to boost sales. He also said that manpower has not been a problem for the company, despite a shortage of manpower in the industry. Business is […]

Restaurant sales

Restaurant sales recovered almost entirely in March

Photo courtesy of MOD Pizza Restaurant sales jumped 36% year-over-year in March as consumers spent their stimulus checks, allowing the industry to almost fully recoup sales lost during the pandemic despite capacity limits and closures. Food services and drinking places generated $ 61.2 billion in sales in March, up 13.4% from February, according to U.S. […]

Restaurant sales

Restaurant sales take off

Photo courtesy of Fazoli The past year has been better than Carl Howard expected. Fazoli’s, the Italian chain based in Lexington, Ky., Of which he is the CEO, saw sales plummet in March and April at the start of the pandemic. But the company advertised, customers lined up at its drive-thru, and in the summer […]

Restaurant sales

5 things restaurant sales and customer morale are improving in February

Each week, Restaurant Hospitality rounds up five stories impacting independent restaurant operations that you may have missed. Here is your list for the week of March 22: Untitled, the Union Square Hospitality Group restaurant, is closing permanently Untitled, the ten-year-old Union Square Hospitality Group restaurant next to the Whitney Museum of American Art […]

Restaurant sales

British Columbia Wineries Seek To Improve Market Share As Restaurant Sales Dip

Breadcrumb Links Small business News Local news Local company Life Business Sales of British Columbia wines at restaurants are down by more than 50% as wineries innovate to convince local customers to buy direct from the source. Author of the article: Kevin griffin Debbie Etsell, owner of the Singletree Winery in Abbotsford, in one of […]

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

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

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

More than half of restaurant sales will be digital by 2025

Digital sales will account for more than half, or 54%, of all quick service and limited service restaurant sales by 2025, according to new survey figures from the market research company Incisiv. That’s 70% higher than pre-COVID estimates, the firm notes. This projected growth is not difficult to understand. It’s been a year-long total fire […]

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

Grocery sales plummet as restaurant sales pick up

Diving brief: The U.S. restaurant industry saw its fourth consecutive month of sales acceleration in August, with sales up 3.7% as major grocery chains saw sales fall 7% from July , according to new data from M Science, a data analytics company. The grocery brands that saw the biggest deceleration in sales in August compared […]

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

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

Here’s how much restaurant sales fell in the past month

Photograph by Jonathan Maze It’s official: restaurant sales fell off a cliff last month. According to federal retail sales data released this week, sales in food services and drinking places were down 23% in March and 26.5% from their February level as states began to close dining rooms and operators who have closed their doors. […]

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 sales

Poor restaurant sales in December set up an uncertain start to 2020

Same-store restaurant sales fell 2.1% year over year in December, the worst result for the industry in more than two years. A lag in the recording of the Thanksgiving holiday was partly responsible for the disastrous results, which offset the positive figures recorded in November. This report comes from data from Black Box Intelligence (formerly […]

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 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

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 sales

Menu Hacks Designed To Dramatically Boost Restaurant Sales | modern restaurant management

If you haven’t paid much attention to your menu in a while, you may be missing out on some very easy extra income. We’ve got three easy-to-copy restaurant tips that could dramatically increase your restaurant sales next year. With all the buzz of technology in restaurant digital marketing, it’s understandable that the traditional bread and […]

Restaurant marketing

The lucky 13: Twitter features to maximize restaurant marketing

Twitter has effectively been our microblogging friend for a decade, which has changed the face of marketing as this great promotional tool allows brands to push strategic initiatives in concise 140-character chunks. Here are 13 tips for maximizing the many features of this little blue bird. Twitter has effectively been our microblogging friend for a […]