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 […]
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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 […]
Sales rose 3% at UK-managed restaurant, pub and bar groups in October compared to the same month in 2019, compared to an 8% increase in September Pubs, bars and restaurants across Britain are under pressure from rising inflation, labor shortages and supply chain constraints as they struggle to recover from the impact of the COVID-19 […]
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 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 […]
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 […]
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 […]
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 […]
The numbers are still $ 1.3 billion lower as of February 2020. Eating out places earned $ 64.9 billion in April, the highest sales month since the pandemic began in March 2020, according to the US Census Bureau. After a slight drop from January to February, sales figures have now been on the rise for […]
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 […]
National Football League fans gather in downtown Tampa ahead of Super Bowl LV during the COVID-19 pandemic on January 30, 2021 in Tampa, Florida. Octavio Jones | Getty Images Super Bowl Sunday is a big day for soccer and dining. But the channels that will likely benefit the most from feeding hungry fans have already […]
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 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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
Local performance also took a hit in July, with only 88 markets posting positive sales compared to 108 in June. Texas was the weakest region, with negative sales growth of 2.68% and a traffic decline of 6.58%. The West region leads, with positive comps of 1.12% and red traffic of 2.65%. Only two of the […]