September 15, 2021

2021 State of the Restaurant Industry Mid-Year Update

Where is the industry at the mid-year mark?

Analysis of the latest economic data and surveys of restaurant operators and adult consumers reveal:

  • 3 in 4 operators say recruitment and retention is their toughest challenge despite employment gains.
  • Restaurant sales are trending higher.
  • Wholesale food prices are trending sharply higher. A first in its 54-year history, the Bureau of Labor Statistics index registered gains above
  • 2% in 3 consecutive months.
  • Menu prices are increasing due to sharply higher food, labor and fuel costs.
  • Case rise of the COVID-19 delta variant is impacting restaurant visits.

Also included: The updated sales forecast for 2021.

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