Restaurant sales

RCI reports club and restaurant sales of $61.1 million in 1Q22

HOUSTON, January 11, 2022 /PRNewswire/ — RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced sales of its Nightclubs and Bombshells restaurants for the first quarter of fiscal 2022 ended December 31, 2021. Eric LanganPresident and Chief Executive Officer of RCI Hospitality Holdings, Inc., said, “We had a strong first quarter as we took advantage of the […]

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 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

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 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

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

Super Bowl Sunday boosts pizza and chicken wing sales in restaurants

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 […]

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

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

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 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

Why did restaurant sales hit a wall in July?

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 […]