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.
Lots happening in the foodservice arena these days, including the re-opening of the Boston restaurant most affected by the marathon bombings, potential changes to hotel foodservice and much more.
This Week in Foodservice looks at Commerce Department advance sales estimates for July as well the employment picture, economic stats and consumer sentiment in order to deliver a well-rounded picture of the economy issues surround the foodservice industry.
Looking for some good news? Well the restaurant industry remained in expansion mode in June despite not growing as fast as the previous month. The bad news? The country's employment remains muddled, at best, which will continue to hinder foodservice growth.
While a variety of economic indicators continue to show improvement over the last year's performance, they still continue to lag behind what many consider to be healthy levels. So what does that mean for the foodservice industry? It will remain in a take-share mode for a while longer.
While sales among casual dining chains remained soft during June, the longer term outlook for their fast-casual counterparts remains bright.
Restaurant and bar sales posted stronger results in June than they did in the same period last year. At the same time, individual restaurant operators continue to look for new ways to deal with the Affordable Care Act.
Which is a better indicator of future industry performance: consumer-related economic data or the performance of restaurant stocks so far this year? You can decide as we explore a pair of restaurant industry reports from Wall Street analysts.
Restaurant industry performance took a big step in the right direction in May but consumer sentiment remains mixed.
The American Customer Satisfaction Index reports that consumer satisfaction with restaurants is higher than other industries and that a number of factors, in addition to food quality, go into shaping their perceptions.
While the month over month sales for 2013 remain sluggish they still outpace last year's results.
Employment numbers get a lot of attention in the weekly news cycle because they represent a leading indicator for the country's economic performance. But what do these numbers mean to foodservice? This week we take a look at the bigger jobs picture and the foodservice industry's response.