This Week in Foodservice provides a high-level summary of the economic data, financial news, menu updates and numerous other statistical packages and developments that impact foodservice operators, consultants, dealers, manufacturers, reps and service agents. In his weekly blog, Jerry Stiegler aggregates key industry data through his infamous Green Sheet and provides some brief analysis that will help foodservice professionals navigate the sea of information. Jerry is a long-time member of the foodservice industry, whose experience includes working for Restaurants & Institutions magazine and FE&S.
Job growth is critical for the foodservice industry to continue to grow. So the fact that the Bureau of Labor Statistics' November jobs report showed a decline in unemployment is a good thing, right? Not when it means there are fewer people in the workforce. So foodservice will continue to ride the wave of emotion that accompanies the foggy labor outlook.
While Gross Domestic Product increased the National Restaurant Association's Restaurant Performance Index slipped into contraction mode. Much like the overall U.S. economy, it seems as if the foodservice industry will continue to ride this roller coaster for a while.
Customer visits are up but check averages are down at casual dining establishments. So what does this all mean for the foodservice industry? This Week In Foodservice tries to make sense of it all.
With many people very jittery about the state of the overall economy, many observers are wondering about the impact of Hurricane Sandy on the foodservice industry. This Week In Foodservice sheds some light on the subject and takes a closer look at a variety of industry-related economic indicators.
Hurricane Sandy tested the resilience of the economy, foodservice operators and more.
As economists continue to assess the impact of Hurricane Sandy, there's still plenty of economic news to report that impacts the foodservice industry, as noted in this edition of This Week In Foodservice. We also take a look at what one analyst has to say about the potential outcomes of the general election.
Despite improved consumer sentiment, the economic outlook remains rather subdued and that continues to impact the foodservice industry.
While many restaurant chains struggled during the economic slump of the past five years or so, McDonald's proved to be quite resilient. Unfortunately, during its fiscal third quarter, McDonald's showed that it is no longer immune to the operating pressures so many other restaurants face. As a result, the coming months could continue to be challenging ones for McDonald's.
A series of macroeconomic indicators posted positive results in September and the restaurant industry analysts remain positive about the results individual publicly traded companies are reporting, writes Jerry Stiegler as part of his "This Week in Foodservice" blog post.
Financial giant CIT turned its spotlight on restaurants and forecast steady improvement despite the slow recovery. The head of CIT's Restaurant Industry Practice says that lenders that had stepped away from restaurants during the downturn are returning to finance acquisitions, expansion or re-models but noted that smaller companies and franchisees of smaller chains continue to have difficulty getting financing.
While the National Restaurant Association offered some good news in the form of its monthly RPI, other foodservice-related economic indicators were not as positive.