Blog Network

jCarbonara
Joe Carbonara

Excellence in Experience

In addition to projecting slow but real growth for the foodservice industry in 2018, The NPD Group outlined a handful of attributes that will affect the way consumers use foodservice. Specifically, NPD predicts consumers will remain strapped for time, embrace digital ordering even more and strive to develop a closer relationship with their couches.

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jMartinez
Juan Martinez

Eye on Efficiency

If your new year’s resolution has fallen by the wayside not that the calendar has turned to February, never fear. It is always a good time to explore new experiences and new opportunities to make a difference in the foodservice industry.

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jStiegler
Jerry Stiegler

Restaurant Sales Flat in January, Sales Growth Among Largest Chains Slowed, and the Number of U.S. Restaurants Dipped

U.S. retail sales declined in January while restaurant sales were flat. Rising government price indexes raise fears of higher inflation and interest rates. Technomic reports sales growth among the 500 largest restaurant chains slowed for the second consecutive year. The number of restaurants in the U.S. declined last year. These stories and whole lot more This Week in Foodservice.

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Majority of restaurant operators reported positive same-store sales and customer traffic levels; outlook for continued sales growth remains positive.

The National Restaurant Association’s Restaurant Performance Index stood at 102.9 in December, up 0.8 percent from its November level of 102.1. The RPI’s continued growth was fueled by positive sales and traffic levels, among other factors, according to the National Restaurant Association.

“Overall, the RPI posted three consecutive months above 102 for the first time since the first quarter of 2006, which puts the industry on a positive track heading into 2015,” said Hudson Riehle, senior vice president of the Research and Knowledge Group for the National Restaurant Association. Index values of more than 100 indicate a period of expansion among the collection of restaurant industry key economic indicators. Index values of less than 100 represent a period of contraction.

The Current Situation Index, which measures current trends in four industry indicators (same-store sales, traffic, labor and capital expenditures), stood at 102.9 in December, up 1.5 percent from a level of 101.4 in November. Key data points from the Current Situation Index include:

  • Seventy-one percent of restaurant operators reported a same-store sales gain between December 2013 and December 2014, up from 57 percent who reported higher sales in November.
  • Sixty-one percent of restaurant operators reported an increase in customer traffic between December 2013 and December 2014, up from 45 percent who reported higher traffic in November.
  • Sixty percent of operators said they made a capital expenditure for equipment, expansion or remodeling during the last three months, up from 54 percent who reported similarly last month.

The Expectations Index, which measures restaurant operators’ six-month outlook for four industry indicators (same-store sales, employees, capital expenditures and business conditions), stood at 102.9 in December, up 0.1 percent from November. Key data points from the Expectations Index include:

  • Fifty-two percent of restaurant operators expect to have higher sales in 6 months (compared to the same period in the previous year), down slightly from 57 percent who reported similarly last month.
  • Sixty-two percent of restaurant operators plan to make a capital expenditure for equipment, expansion or remodeling in the next six months, up from 57 percent who reported similarly last month.

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