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.
Through the first three months of the year, the foodservice industry has posted real sales gains, according to Food Institute data. While the overall trend is good, some operators, including McDonald's, continue to experience pockets of turbulence.
Although overall retail sales in the U.S. declined 0.4 percent in March, the restaurant and bar segment posted a solid 4.3 percent increase.
The vast majority of Americans dine out regularly — that's what Harris Interactive found in a recent study. Jerry Stiegler reviews those findings as well as many other economic indicators affecting the foodservice business in This Week In Foodservice.
Jerry Stiegler covers the Restaurant Performance Index as well as a host of other economic indicators to provide a snapshot of the economic outlook for foodservice operators.
Mergers and acquisitions activities start to show signs of life for suppliers and chains alike as the economy slowly and steadily heads in the right direction.
Retail sales in February increased 1.3 percent over January's levels, according to the advance estimate from the U.S. Economic Census. Gasoline sales, up 5 percent, represents the major cause of the increase. Without gasoline, retail sales were up 0.6 percent and without gasoline and autos, retail sales were up 0.4 percent. Compared to February 2012, retail sales were up 4.7 percent.
Wall Street analysts offer their take on which publicly traded restaurant chains have the brightest outlook in the coming months.
Foodservice operators' brightened their outlook and U.S. manufacturers got a boost by companies replenishing their inventories. Despite this good news, the U.S. jobs situation remains muddled. Take it all and mix it together and you have This Week in Foodservice.
While the sequester gobbles up all of the headlines, consumers continue to come to terms with the impact the newly enacted payroll tax is having on their disposable income, including their purchases of food prepared outside of the home. As a result, expect consumers to cut back and return to their value-conscious ways.
While the month to month gains continue to inch along, the restaurant industry did enjoy a better January than in 2012.
Foodservice industry forecasts project moderate but real sales growth and the most recent earnings report from Sysco seems to fall in line with these prognostications.