Consumer Dining Survey: Sales Inching Up; Basket Size Trending Down
Modern Restaurant Management
JULY 21, 2022
QSR net sales for the quarter are up 1.4 percent compared to Q2 2021, according to the Revenue Management Solutions (RMS) Q2 Industry Trends Report. Average check was up 7.2 percent for the same period, while Q2 traffic was down 5.4 percent YOY. Inflation is still climbing, but it's not all bad news for operators??. In recent news that probably surprised no one, the Fed announced that the US inflation rate had accelerated, exceeding even already-gloomy expectations.
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