Browsing Tag

full service

Restaurant menu price inflation continues to rise

Thomas T. Pierson Mar 10, 2022

In February, restaurant consumers were again hit by menu price inflation not seen in years. The index for food eaten outside the home rose 6.8% from a year ago, the largest 12-month increase since December 1981. Limited-service meals rose…

Restaurant sales

Restaurant sales improve after January slump

Thomas T. Pierson Mar 8, 2022

After ten straight months of traffic gains, the U.S. restaurant industry's recovery slowed in January, according to The NDP group. However, things are looking up. OMICRON INDUCED SLOWDOWN IN JANUARY The surge in the COVID-19 Omicron…

Restaurant service

Hurry for catering service models

Thomas T. Pierson Feb 25, 2022

Reading time: 5 minutesEmbracing quick service business models is key to continued success in the restaurant industryThe restaurant industry has faced its fair share of trials and tribulations since the onset of the COVID-19 pandemic, with…

Restaurant sales

Introducing the Toast Restaurant Trends Report: Restaurant sales increased 41% year-over-year

Thomas T. Pierson Feb 23, 2022

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…

Restaurant menu

Restaurant menu price inflation at 40-year high

Thomas T. Pierson Feb 10, 2022

Photography: ShutterstockRestaurant menu prices rose at their fastest pace in 40 years in January, according to new federal data released Thursday, as operators scramble to offset their own higher costs. Prices for food eaten away from…

Restaurant sales

Restaurant sales expected to surpass pre-pandemic levels in 2022

Thomas T. Pierson Feb 2, 2022

Homepage>LaborRestaurant sales expected to surpass pre-pandemic levels in 2022 Things are looking up in the restaurant world. Restaurant industry sales are expected to hit $898 billion this year, up from $864!-->!-->!-->…

Restaurant sales

ATB Financial – Red Deer Defender

Thomas T. Pierson Jan 29, 2022

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

Restaurant sales

Manufacturers, Countries, Type and Application, Global Forecast to 2027

Thomas T. Pierson Jan 28, 2022

The research literature on Foodservice Restaurant Sales Market describes the growth drivers as well as restraints that will shape the dynamics of the industry during the forecast!-->…

Restaurant menu

Restaurant menu price inflation peaked in 39 years in November

Thomas T. Pierson Dec 10, 2021

Photography: ShutterstockMenu price inflation hit a 39-year high in November as skyrocketing labor and food costs led restaurants across the country to increase their fees for customers. The out-of-home food index rose 0.6% in November and…

Restaurant sales

“Ambiance” distinguishes the best performances in a context of sales and traffic of…

Thomas T. Pierson Oct 22, 2021

DALLAS (PRWEB) 22 October 2021 September brought mixed results…

Restaurant sales

Restaurant sales and traffic take a hit in August, study finds

Thomas T. Pierson Sep 21, 2021

By: Kerry Pipes | 1,202 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…

Restaurant staff

Restaurant staff will keep 100% of tips as the law is expected to change

Thomas T. Pierson Sep 20, 2021

Currently, the law prohibits restaurants from keeping tips in cash, but when a tip is given by card, it is at the discretion of the restaurant how and where that money is spent. Kwarteng's new bill seeks to change that, meaning 1.7 million…

Restaurant sales

Restaurant sales were flat in August, even as the coronavirus increased

Thomas T. Pierson Sep 16, 2021

Restaurant sales were flat in August as COVID increased./Photo: ShutterstockThe 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…

Restaurant staff

Greenwich Hyatt restaurant staff want to return to work

Thomas T. Pierson Sep 11, 2021

There's something wrong with the Hyatt Regency in Greenwich. This is a hotel that should serve our business community by providing a place where important meetings can take place over dinner or drinks; it is a place where groups should…

Restaurant sales

NRA increases restaurant sales forecast for 2021 to $ 789 billion

Thomas T. Pierson Aug 31, 2021

Dive brief: The National Restaurant Association predicts that restaurant and foodservice industry sales for 2021 will total $ 789 billion, according to the organization's report. Semi-annual report on the state…

Restaurant menu

Canadian restaurant menu prices rose 3.1% in July

Thomas T. Pierson Aug 30, 2021

Menu prices in restaurants in Canada were 3.1% higher in July 2021 than a year ago, reports Restaurants Canada.This is the largest increase since January 2019 and more than three times the magnitude of the increase in food prices in!-->…

Restaurant staff

Less interaction with restaurant staff, more cleaning likely to linger

Thomas T. Pierson Aug 20, 2021

After indoor food service has been closed in many parts of the United States amid COVID-19 closures, in-person indoor dining is back.While the highly contagious delta variant and low vaccination rates in some areas fuel an increase in…

Restaurant menu

QR codes for restaurant menus and the risks to your privacy

Thomas T. Pierson Jul 29, 2021

FOX Business's Kurt Knutsson, known as The CyberGuy, argues that QR code menus, which many restaurants have adopted to replace paper menus amid the pandemic, can come at a cost. FOX Business's Kurt Knutsson, known as CyberGuy, joined…

Restaurant sales

Restaurant sales rebound to pre-pandemic peaks: 5 choices

Thomas T. Pierson Jul 20, 2021

Restaurants and bars, which were hit hard last year, are quickly returning to normal and boosting overall retail sales. While retail sales have declined over the past two months and registered a marginal increase in June, sales in bars…

Restaurant sales

5 stocks to buy as restaurant sales return to normal

Thomas T. Pierson Jun 28, 2021

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…

Restaurant sales

4 stocks to buy as restaurant sales increase in May

Thomas T. Pierson Jun 17, 2021

The restaurant industry seems to finally be getting back on its feet as the economy reopens and more and more people come out without hesitation to dine out. In addition, people are prepared to spend more, thanks to the new round of…

Restaurant menu

Restaurant menu prices continue to rise as labor costs skyrocket

Thomas T. Pierson Jun 10, 2021

Consumers who frequent restaurants are finding higher prices these days as operators charge more for their menu items in an effort to offset rising labor costs. Menu prices, or out-of-home food prices, rose 0.6% between April and May,…

Restaurant sales

Restaurant sales show little sign of slowing

Thomas T. Pierson Jun 8, 2021

Photography: ShutterstockRestaurant sales have been increasing for nearly three months and showing no signs of stopping, at least according to the latest update from Black Box Intelligence. The restaurant information company said…

Restaurant sales

Restaurant sales hit new pandemic peak

Thomas T. Pierson May 18, 2021

Is it possible to get a loan without a credit check? A majority of lenders conduct any type of credit evaluation no matter if they're on the internet or in a physical store. However, the lenders that we've mentioned are mostly doing!-->!-->!-->…

Restaurant sales

5 solid stocks to buy

Thomas T. Pierson Apr 19, 2021

The pandemic has left the restaurant industry in poor shape, with most businesses still struggling to get back on their feet. The early months of the pandemic saw outdoor dining come to a halt as many restaurants rolled down their…

Restaurant sales

Sales of restaurant chains drop 8% in 2020

Thomas T. Pierson Apr 7, 2021

The country's largest restaurant chain was hit last year, according to a new report from management consulting firm Technomic.Not surprisingly, the COVID-19 pandemic was the main reason for the losses, as consumers changed their eating…

Restaurant sales

Technomic reports sales of top 500 chain restaurants fell more than 8% in 2020

Thomas T. Pierson Apr 2, 2021

CHICAGO, April 2, 2021 / PRNewswire / - Technomic has just released one of the most anticipated reports, the 2021 report on the chain's 500 best restaurants, which includes expert conclusions and information on the sales performance of US…

Restaurant sales

Restaurant sales fell 26% in January

Thomas T. Pierson Mar 2, 2021

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…

Restaurant sales

Restaurant sales to increase 10.2% in 2021, according to National Restaurant Association

Thomas T. Pierson Jan 26, 2021

Photography: ShutterstockSales 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…

Restaurant sales

Restaurant sales, traffic drop to July figures

Thomas T. Pierson Jan 18, 2021

The holiday month of December did not bring much joy to restaurant owners in most cases, as sales and traffic were significantly lower.It was largely a gloomy December for restaurant chains. (Photo: iStock)January 18, 2021December was a…

Restaurant sales

Full-service restaurant sales plummet, off-premises still up

Thomas T. Pierson Jul 24, 2020

As the number of COVID-19 cases increases in several states, the recovery of full-service restaurants has slowed, according to new data from Black Box Intelligence in a story by Nation's Restaurant News. Black Box, a restaurant…

Restaurant sales

Digital orders and deliveries drive restaurant sales, full service still struggles

Thomas T. Pierson May 11, 2020

Digital restaurant orders and delivery orders were up for the month of March, according to the new figures of the NDP group. Despite — or more likely because of — state-mandated dining room closures, NPD reported that digital restaurant…

Restaurant sales

Restaurant sales are improving, but it’s a complicated landscape

Thomas T. Pierson May 1, 2020

For the third week in a row, restaurant chains saw their same-store sales improve compared to the previous period, according to Black Box Intelligence. Comps for the week ending April 19 were down 47.6%, the best result since March 15 and…

Restaurant sales

First look at the impact of the coronavirus on restaurant sales

Thomas T. Pierson Apr 21, 2020

The spread of COVID-19 in recent 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…

Restaurant sales

Restaurant sales fell 65% in the last half of March

Thomas T. Pierson Apr 13, 2020

Black Box Intelligence has reported on restaurant sales and traffic since the Great Recession. But the past few weeks have been something far beyond anything the industry has known, said Victor Fernandez, vice president of ideas. The…

Restaurant sales

Food prices report predicts restaurant sales to halve in 2020

Thomas T. Pierson Mar 31, 2020

A man records signs in a restaurant window in Toronto on March 22, 2020. Frank Gunn / The Canadian Press Restaurant costs for 2020 will be much lower than initially forecast, as consumers instead spend a larger portion of their…

Restaurant sales

Restaurant sales could drop 20% in next 12 months, says Moody’s

Thomas T. Pierson Mar 24, 2020

Dive brief: U.S. restaurant profits could drop as much as 20% over the next 12 months depending on how long restaurant closures and restrictions remain in place, according to a Moody's report emailed to…

Restaurant sales

Olive Garden parent Darden Restaurants says same restaurant sales fell 60% for current week due to…

Thomas T. Pierson Mar 23, 2020

Darden Restaurants Inc. says there was a sharp drop in sales in the first weeks of the fourth quarter due to the coronavirus outbreak, with sales at the same restaurants for the current week falling 60%.In the first week of the quarter,…

Restaurant sales

Loss of Seattle restaurant sales due to coronavirus expected to exceed 20%

Thomas T. Pierson Mar 11, 2020

Seattle Market restaurants, which were the first to deal with U.S. deaths from the coronavirus pandemic, saw sales drop 10% in the first week ended March 1, according to statistics released…

Restaurant service

2020 Management Excellence Award Winner: Hagar Restaurant Service – Catering Equipment…

Thomas T. Pierson Feb 3, 2020

SERVICE AGENCY Headquarter: Oklahoma City Based: 1956 Number of employees: 225 Number of locations: 9 (5 full-service stores and four satellite locations) Sales: Revenues to exceed $ 40 million in 2019 Company currency: "Parts and…

Restaurant sales

Dining out: US restaurant sales growth outpaces retail again in November

Thomas T. Pierson Dec 16, 2019

Year-over-year sales growth for US bars and restaurants in November again exceeded overall gains in retail spending for the third consecutive month, according to an analysis by S&P Global Market Intelligence. Food services and…

Restaurant sales

Dining out: US restaurant sales growth outpaces retail again in October

Thomas T. Pierson Nov 18, 2019

Year-on-year sales growth for U.S. bars and restaurants continued to outpace overall gains in retail spending in October despite a slowdown from the previous month, according to an analysis by S&P Global Market Intelligence. Food…

Restaurant sales

Dining Out: U.S. Restaurant Sales Growth Accelerates in September

Thomas T. Pierson Oct 21, 2019

Sales growth for American bars and restaurants accelerated in September after a summer slowdown, according to an analysis by S&P Global Market Intelligence. Employment in food services and drinking places increased in September as…

Restaurant sales

Dining out: US restaurant sales growth slows again in August

Thomas T. Pierson Sep 24, 2019

Sales growth in American restaurants and bars continued to slow in August and underperformed the entire retail industry for two consecutive months, according to an analysis by S&P Global Market Intelligence. The number of employees…

Restaurant sales

Restaurant sales rise to $863 billion in 2019

Thomas T. Pierson Apr 9, 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…

Restaurant service

Over the 9 ends of the catering service to become an event space

Thomas T. Pierson Jan 2, 2018

A restaurant located just after Louisville's Ninth Street division closed to become an event space.Over the 9, located at 120 S. 10th St., announced its closure on Facebook Tuesday - just two days after Finn's Southern Kitchen finished its…

Restaurant menu

5 stock choices on the restaurant menu

Thomas T. Pierson Apr 4, 2017

No matter how you cut it, Americans love to eat out. In 2016, restaurant sales reported by the National Restaurant Association totaled $ 766 billion, and the association expects 2017 sales to reach $ 798.7 billion. But…

Restaurant sales

NRA: Restaurant sales will reach $ 799 billion in 2017

Thomas T. Pierson Feb 28, 2017

The restaurant industry expects sales of around $ 799 billion in 2017, as consumers continue to allocate more money to dining out, the National Restaurant Association said in its annual outlook…