ArrowStream economists reported impressive January restaurant retail sales, which were up 7.4 percent from last year.
“This was due to a 4.3 percent increase in traffic and a 3.1 percent rise in menu prices. The restaurant sales annual gain was the second largest in a year. Perhaps more impressively, restaurants carried the biggest percentage of total retail sales on record. And as the chart shows, this is a building trend.”
“Good news for the industry as a whole; however, competition in the industry will remain fierce.”
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