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.
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.
Job creation is the key to jump-starting the U.S. economy, so by closely examining the performance of one multi-concept restaurant operator we can get an idea of what's to come, writes Jerry Stiegler in his latest blog post.
Foodservice-related economic indicators continue their roller coaster ride while a series of chains continue to navigate the choppy waters of today's business climate.
Amid the confusing and bleak U.S. employment figures emerges one positive note: the foodservice industry continues to add jobs.
The Restaurant Performance Index managed to stay in positive territory at 100.2 even though both major components of the Index fell. The Current Situation Index dropped 1.7 in July leaving it below 100 for the first time in nine months at 99.8. While 53 percent of the operators surveyed reported their same store sales increased the biggest block of operators (46 percent) said traffic declined.
While the housing market continues to be an anchor in the U.S. economy, Inc. Magazine recognizes a handful of foodservice operators for their rapid growth in recent years.
While July foodservice sales appear better than expected, there remains some uncertainty around the impact such economic factors as employment levels and food prices are having on the foodservice industry.
In this week's blog, Jerry Steigler takes a look at the most restaurant-dense markets in the U.S. and sifts through the sands of economic data in search of some implications for the foodservice industry.
In addition to the National Restaurant Association releasing its June Restaurant Performance Index, a number of restaurant companies released their second quarter operating results this week. After swimming through this sea of numbers, it seems as if the industry remains on a slight growth curve despite battling a variety of outside factors.