Restaurant Sales Continue to Move Higher in May, QSR Traffic Jumps
The National Restaurant Association shared that the total sales at eating and drinking places reached $88 billion on a seasonally adjusted basis in May, per U.S. Census Bureau data.
The total was up 0.4% from April’s downward-revised volume of $87.7 billion but sits below January’s high of $89.3 billion.
“While the pace of sales growth slowed in recent months, restaurants were still top of mind for many consumers, the National Restaurant Association’s chief economist Bruce Grindy. “Consumer spending in...
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