Technomic Projects Foodservice Sales for March to Fall Between a 31% to 48% Drop from February
The first two months of the year were shaping up well for the foodservice industry, with a roughly 4% increase in sales year over year for the months of January and February—months which are typically slower historically. Typically, March sees 12% higher sales than February—the lowest month of the year. Right now, our preliminary projections for March fall between a 31% and 48% drop in sales from February—a net loss of 43% to 60% from the expected monthly sales gain typically seen in March.
Sales and traffic declines more extreme for beyond restaurant operators
More than half (57%) of beyond restaurant operators report a sales decrease of more than 70% over the prior year, and 63% report a traffic decrease of more than...
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