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WEBSep 12, 2024 · New Report Provides Operational Data On U.S. Restaurants. Aug 29, 2024. Labor costs represented an elevated share of restaurant outlays as the industry ... Restaurant News Resource is a source and distribution point for the latest news in the restaurant industry - trends, research, features, editorials, developments and more.
National Restaurant Association Releases 2022 State of the …
WEB2022 remains year of transition as path to recovery continues; Labor challenges a top concern for operators. Today, the National Restaurant Association released its 2022 State of the Restaurant Industry report, which measures the restaurant industry’s continued recovery and examines the status of current and emerging trends across key categories including technology and off-premises business ...
U.S. Restaurant Sales Were Relatively Flat In Recent Months
WEB4 days ago · While overall restaurant sales were flat in recent months, menu prices continued to rise – albeit at a much slower pace than in 2022 and 2023. As a result, the trendline of real restaurant sales turned negative. After adjusting for menu price inflation, eating and drinking place sales declined 1.3% between August 2023 and August 2024.
U.S. Restaurants Added Nearly 30k Jobs In August
WEBSep 9, 2024 · On average during the first 8 months of 2024, eating and drinking places added a net 10,700 jobs each month. That was down from 2023’s average monthly increase of nearly 26,000 jobs, and was significantly below the monthly gains in 2021 (+136k) and 2022 (+51k), when the industry was rebuilding its …
New Report Provides Operational Data On U.S. Restaurants
WEBAug 29, 2024 · That’s one of the observations from the 2024 edition of the National Restaurant Association’s Restaurant Operations Data Abstract, which was released this week. The Abstract is based on financial and operating data provided by nearly 1,000 restaurant operators nationwide. Among fullservice respondents to the …
Restaurant Financial News - Restaurant News Resource
WEBCracker Barrel Reports First Quarter Fiscal 2024 Results. Nov 30, 2023. The Company reported first quarter total revenue of $823.8 million. Compared to ...
U.S. Restaurant Employment Topped Pre-pandemic Levels in …
WEBDec 11, 2023 · Including November’s increase, eating and drinking places have now added more than 6 million jobs since the pandemic trough of restaurant employment in April 2020. As of November 2023, eating and drinking places are 46,000 jobs above their February 2020 employment peak. Overall restaurant employment surpassed …
Ninety-Four Per Cent of U.S. Full Service Restaurant Operators …
WEBJan 17, 2024 · TouchBistro today releases its annual 2024 State of Restaurants Report, outlining the industry's top challenges and emerging trends. The survey of 600 full-service restaurant owners, CEOs, general managers, and area managers from across the U.S. reveals that while food costs and labor costs remain major financial strains, operators are navigating the changing industry landscape by tapping into ...
From Temporary Fix to Permanent Solution - Restaurant News …
WEBMar 31, 2023 · State of the Restaurant Industry - From Temporary Fix to Permanent Solution Restaurants had to be nimble and creative during the pandemic. Today their operational innovations drive profit and success.
U.S. Restaurant Sales Are Trending Modestly Higher
WEBAug 15, 2024 · July’s sales increase of 0.3% came on the heels of modest 0.1% gains in both May and June. In total during the last 4 months, eating and drinking place sales were up 1.1%. That was slightly above the 0.8% gain in non-restaurant retail sales during the same period. The modest sales growth in recent …