SAME STORE SALES TRENDS
2021 Restaurant Sales Set a Record
- 2021 restaurant system sales were record highs for both the $1B+ chains and, shockingly, for the independents and smaller chains according to government data. While 2020 results fell-off dramatically, a 2021 rebound more than compensated for the initial losses.
- Of course, substantial menu price increases helped drive results along with large group orders that have become so prevalent post-lockdown.
- RR’s Intent to Eat Out Index shows sales momentum carrying into 2022 (albeit at a slowing rate) on a y/y basis despite higher prices.