Toast, the all-in-one digital platform built for restaurants, announced its Q1 2023 Restaurant Trends Report, providing insight into the overall state of the U.S. restaurant industry through an analysis of aggregated sales data from selected cohorts of restaurants in select U.S. metropolitan areas on the Toast platform, which serves approximately 85,000 restaurant locations as of March 31, 2023.
The number of U.S. restaurants – including chain franchises and independent stores – has not yet rebounded to pre-pandemic levels, and is still meaningfully lower than what it was before the advent of COVID-19, according to Nick Cole, Head of Restaurant and Hospitality Finance at Mitsubishi UFJ Financial Group (NYSE: MUFG).
The U.S. Department of Agriculture (USDA) is taking an important step forward in furthering its commitment to farmworkers, meatpacking workers, and grocery store workers by recognizing their essential role in America’s food system.
The volume of sales for the 2021-2022 mushroom crop totaled 702 million pounds, down 7 percent from last season, according to the National Agriculture Statistics Service (NASS) 2022 Report released August 26, 2022.
The pandemic has permanently altered the consumer-restaurant relationship with operators investing in technology and real estate to align with changing consumer preferences, according to the 2021 Restaurant Franchise Pulse survey, conducted by TD Bank, America's Most Convenient Bank.
Following a tough week that went up against the Easter 2019 sales bump, fresh produce gains jumped right back into the double-digits the final week of April. Fresh produce growth for the week of April 26 versus the comparable week in 2019 increased 22.9%.