Restaurant Industry’s Recovery Continues in November

The restaurant industry had one of the toughest third quarter ever. The numbers aren’t the best yet but they have been higher than previously. Same store traffic has been declining while guest check has been improving. With the promotions that they have been sending out to people in the mail, quick service restaurants seem to be doing better than the other restaurants. The only problem that quick service restaurants have is actually keeping people hired on.

Key Takeaways:

• After three poor performing quarters, the restaurant industry finally seems poised for a comeback.
• According to industry insider Victor Fernandez, the restaurant industry still has to solve the challenge of decreasing guest visits.
• However, guest check growth is definitely experiencing an upswing with the average tab up by two and a half percent in October.

“For the second consecutive month, the restaurant industry reported positive momentum, a welcome sign for operators following one of the roughest third quarters in recent memory.”

Read more: https://www.qsrmagazine.com/finance/restaurant-industrys-recovery-continues-november