Black Box Intelligence Reports Better Sales from Late June to Early July

Sales growth in restaurants is gaining steam, with stronger results in recent weeks, according to the latest weekly Restaurant Industry Performance Pulse report from Black Box Intelligence, a data and insights provider. Same-store sales growth for each of the three weeks leading up to July 4 were higher than any week during the eight weeks before that period.

Limited-service sales growth continues to outperform casual dining, family dining and upscale casual by a wide margin, Black Box said. However, fine dining remains the best-performing segment for sales growth. Despite the improved sales performance, restaurants traffic and guest counts are down compared to 2019. As a result, dine-in sales continue to suffer, with deeper losses seen in limited-service brands.

The industry continues to experience a worker shortage, with quick service restaurants jobs down 20 percenter and sit-down restaurant jobs down 41 percent compared to pre-pandemic norms. Likewise, convenience store jobs are 18 percent below pre-COVID-19 levels. Two areas that have seen an increase compared to before the pandemic are grocery jobs (82 percent) and hospitality jobs (279 percent).