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Read on for at-a-glance highlights on economic and consumer drivers, as well as same-store sales gains, through the lens of Technomic’s analysts.
Gains are down from 2015, but still better than that of most post-recession years.
Source: Technomic; U.S. Bureau of Economic Analysis
Unemployment is down, but the 2016 9.3% underemployment figure concerns analysts.
Source: Technomic; U.S. Bureau of Labor Statistics
Lower gas prices means more discretionary income for consumers.
Source: Technomic; U.S. Energy Information Administration
With 80 chains reporting in Q3 and averages weighted by sales volume, comps have struggled throughout 2016.
Source: Technomic; public company reports
Editor-in-Chief Jonathan Maze also took home the prestigious G.D. Crain Jr. award for his contributions to business media over the course of his career.
Nothing will change under new owner TEI Hospitality, Ray’s namesake Ray Schoenbaum said.
Data from Placer.ai shows that full-service traffic perked up in March after a difficult end to the year.
The organic juice and healthy food brand joins the portfolio that also includes Orange Leaf and Red Mango.