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.
August restaurant sales increased, according to the U.S. Commerce Department. Meanwhile, some observers question the U.S. Labor Department's huge drop in jobless claims. This week, we also take a look at the U.S. birth rate, food trucks at Disney World, McDonald's sales and much more.
Despite the fact recently released employment numbers are worse than they appear on the surface foodservice operators continue to hire people. And although negative, the casual restaurant sales reported by Knapp-Track may actually be better than it appears. Also, this week we take a look at a marketing research report that says fast food is "back on track," among many other economic and foodservice news items.
The National Restaurant Association's Restaurant Performance Index retreated for the second month in July but still was in positive territory, which signals growth among the key industry segments the survey tracks. The report also indicates that most operators continue to move forward with capital expenditures. Also, this week we take a look at why Gross Domestic Product data managed to be reassuring, alarming and a whole lot more.
As their cars get older and food trucks become more prevalent, the way consumers use foodservice continues to evolve. Also, This Week in Foodservice explores disaster plans, growth chains and much more.
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.