FE&S Industry Forecast Shows Strong Sales This Year
Across the board, operators, dealers and manufacturers participating in FE&S' 2007 Industry Forecast, reported solid operating results for their 2006 fiscal years.
By Staff -- Foodservice Equipment & Supplies, 12/27/2006 12:00:00 AM
Across the board, operators, dealers and manufacturers participating in FE&S' 2007 Industry Forecast, reported solid operating results for their 2006 fiscal years. Despite potentially higher fuel and raw material costs, foodservice industry members remain positive about next year's prospects as well.
Fifty percent of those operators participating in FE&S' annual survey indicated that their 2006 sales expectations were met, while another 36 percent said they exceeded last year's expectations. The main reasons cited for this success were higher customer traffic than anticipated and solid economic conditions.
Among the dealers surveyed, a whopping 94 percent indicated that 2006 was better than expected or met their expectations. They pointed to higher customer levels and a strong economic climate as two critical factors. Dealers also cite an increase in new construction, the opening of new restaurants and renovations of existing facilities as contributing factors to a solid 2006.
Another impressive 94 percent of manufacturers said that sales met or exceeded their expectations in 2006, and 84 percent of those reporting higher sales volume reported average growth of 16 percent. Many manufacturers cited the introduction of new products and enhancements made to existing lines as reasons for their success.
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