Soaring Turnover Rates May Have Peaked Amid Best Restaurant Industry Sales in Almost Three Years
The restaurant industry produced encouraging top-line results in April. The 1.5 percent same-store sales growth is the strongest in the last 31 months. For perspective, the industry hasn’t recorded seven consecutive weeks of positive sales growth since December of 2015. The national unemployment rate also fell under 4% for the first time since 2000.
These insights come from TDn2K™ data through The Restaurant Industry Snapshot™, based on weekly sales from over 30,000 restaurant units, 170+ brands, represent over $69 billion dollars in annual revenue and 2.5 million employees.