ATB Financial – Red Deer Defender



Alberta restaurant sales improved in November, but still weak: ATB Financial





Alberta restaurants saw better sales last November, but there’s still plenty of room for improvement, according to ATB Financial.

November marked the second consecutive monthly increase in restaurant and bar sales in the province, with seasonally adjusted receipts rising $6.5 million (0.8%).

On an unadjusted basis, restaurant and bar sales increased by $789 million (11%) in the first 11 months of 2021 compared to the same period in 2020. According to data from the Price Index According to Statistics Canada, the average price of food purchased from restaurants rose 2.7% over the same period, contributing in part to the growth since the start of the year.

Sales in Alberta, however, remained $37 million (4.5%) below the pre-pandemic level set in February 2020 and Ontario was the only other province yet to surpass its pre-pandemic level. pandemic.

Nationally, unadjusted revenue was up $8.7 billion (17%) year-to-date, driven by strong gains in sales at full-service and restricted restaurants.


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