September Was Top Performer Despite Bumps, Black Box Reports

Restaurant year-over-year sales growth declined in the week ending October 9, according to the latest report from Black Box Intelligence, a data and insights provider of workforce, guest, consumer and financial performance benchmarks for the hospitality industry.

The drop in sales growth is the second one in the last four weeks and was driven by a deceleration in average guest spending growth, Black Box reported, though comp traffic had a small uptick during the week. Year-over-year sales growth during the month was still an improvement over August, making September the best month for the industry since February before the pandemic, despite the uneven sales performance in September.

According to the report, quick service continues to be the top performing segment based on sales growth – the segment has posted 22 consecutive months of positive comp sales growth. Additionally, fast casual continues to be the next best performing segment, though the segment is still experiencing losses year-over-year, Black Box notes.

Of the full service segments, casual dining had the best performance based on sales growth, while off-premise sales continue to capture a larger share of total sales than its than pre-COVID norm for both full- and limited-service restaurants.

See the full report here