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.
Technomic projects foodservice industry revenues to increase 3.8 percent in 2013 and 4.1 percent in 2014. Leading next year’s growth spurt will be a variety of non-commercial foodservice operators.
With roughly six months remaining in 2013, restaurant operators still remain unclear as to how the federal healthcare legislation will impact them in 2014. A few chains, though, continue to move forward cautiously.
The foodservice segment continues to gain strength in contrast to the overall economy, which remains mired in a sluggish recovery.
The U.S. economy may be in a funk but the restaurant industry is doing its part to spark growth, according to data released by a variety of independent sources.
As a number of publicly traded restaurant chains announce their quarterly earnings. GE Capital Franchise Finance shared a very optimistic outlook about this segment of the foodservice industry.
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.