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Restaurant Industry Snapshot™ May, 2020

Slow and Steady Recovery Continues for Restaurants

Published

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Industry Comp Sales & Traffic

Comp Sales

-40.00%

Comp Traffic

-41.29%

Restaurant Workforce Turnover

Manager Turnover*

Q2 '20
Roll 12

Hourly Turnover*

Q2 '20
Roll 12
*Black Box Workforce Intelligence, April, 2020 Release

Slow and Steady Recovery Continues for Restaurants 

After bottoming out at the end of March, restaurants sales continue to be in a slow and steady recovery. Same-store sales dropped by 40% year over year during May, although still a far cry from pre-pandemic levels, it does represent an improvement of 15 percentage points. By the last week of the month (the week ending May 24), same-store sales growth for the industry was -33%, the second consecutive week sales growth was better than -40%. 

The Black Box Intelligence Restaurant Industry Snapshot™ includes: industry leading financial performance metrics including sales and traffic from the largest set of real restaurant data at the region and market level. This monthly update also includes workforce trends, as well as expert commentary from Black Box Intelligence analysts. Each update provides context around economic conditions, regional benchmarks and a look at what’s to come.