CHARLEBOIS: Canadian restaurant industry’s revival

  • 📰 VancouverSun
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 61%

Business News News

Business Business Latest News,Business Business Headlines

CHARLEBOIS: Our restaurant industry’s revival

In summary, full-service restaurants showed the highest growth in traffic, with a remarkable gain of 24%. However, quick-service establishments still dominated with a 67% share of all food service visits, showing a 9% increase during the quarter. Full-service establishments accounted for 22% of the total visits. The remaining share of traffic represents retail dining, including prepared foods in convenience stores and grocery stores, which experienced a 5% decline compared to the previous year.

And the good news doesn’t stop there. Statistics Canada also added its two cents last week by mentioning that even though retail food sales have been declining for some time due to persistent food inflation, the percentage of food service in relation to total food sales seems to have returned to its pre-pandemic level for the first time. Before the pandemic, the percentage stood at 39%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CHARLEBOIS: Canadians' conflicting perspectives on AI in the food industryA study gauged the opinions, concerns and expectations of consumers regarding the use of predictive analytics and AI in the food industry.
Source: TheTorontoSun - 🏆 23. / 68 Read more »

CHARLEBOIS: Canadians' conflicting perspectives on AI in the food industryA study gauged the opinions, concerns and expectations of consumers regarding the use of predictive analytics and AI in the food industry.
Source: calgarysun - 🏆 63. / 52 Read more »

Five things to watch for in the Canadian business world in the coming weekThe Bank of Canada will release its latest interest rate decision on Wednesday.
Source: VancouverSun - 🏆 49. / 61 Read more »