Restaurant Sales Declined in the Last Quarter of 2022
Company Added
Company Removed
Apply to Request List

Restaurant Sales Declined in the Last Quarter of 2022

Restaurant Sales Declined in the Last Quarter of 2022

Restaurant sales and traffic experienced a drop-off as 2022 came to a close, according to new data from the National Restaurant Association (NRA). Restaurant sales in December fell to $88.3 billion, down 0.9% from November’s volume of $89.2 billion. Inflation is one key factor as consumers dialed back eating out.

Meanwhile, consumer spending in non-restaurant retail sectors dropped 2.3% between October and December – more than double the 1.0% decline in restaurant sales during the same period.

Nevertheless, the NRA’s data suggests consumer demand remains. Forty-four percent of adults say they are not going out to restaurants as often as they would like, according to a survey in January. That number is comparable to similar surveys from May 2022 and September 2022 (both 46%). Another 36% of adults say they are not ordering takeout or delivery from restaurants as often as they would like, a number also in line with other 2022 surveys.

Published: January 23rd, 2023

Share this Feature

Hot Dish Advertising
SPONSORED CONTENT
Hot Dish Advertising
SPONSORED CONTENT
Hot Dish Advertising
SPONSORED CONTENT

Recommended Reading:

Comments:

comments powered by Disqus
The Human Bean
ADVERTISE SPONSORED CONTENT

FRANCHISE TOPICS

Dogtopia
ADVERTISE SPONSORED CONTENT
Conferences
Caesar's Forum, Las Vegas
MAR 25-28TH, 2025

Starting your own Snapology education franchise is affordable, flexible, and provides a great opportunity for success. Find out more today on how you...
Request Info
The #1 Seafood Fast Casual Franchise is seeking Multi-Unit Franchisees to open in markets across the US.
Cash Required:
$350,000
Request Info

Share This Page

Subscribe to our Newsletters