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U.S. Foodservice Operators Challenged by Slow Third Quarter Sales

Technomic’s tracking of quarterly public chain performance shows slower sales performance for many leading restaurant operators

The restaurant industry landscape continues to be challenging for leading operators, according to Technomic’s compilation and analysis of third quarter earnings reports. To date, approximately 60 companies have released their third quarter financials and over half have reported declines in comparable quarterly sales. To learn more about how you can utilize Technomic’s Digital Resource Library to track foodservices industry trends visit here.

On average, publicly-held companies saw their third quarter comparable sales drop by 1.3%. Full service dining operators were the hardest hit with 24 of 32 companies posting negative quarterly comparable sales.

 “As we look to the fourth quarter, expect modest improvements in comparable sales as operators face easier quarterly comparisons from the prior year and also begin to turn a corner on hurricane-related performance issues,” states Kevin Schimpf, industry research manager at Technomic.

Here’s a brief look at the operators who fared well in the third quarter and those who fell short:

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Posted by on November 14, 2017.

Categories: Restaurant Industry News

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