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Restaurant Industry Snapshot™ May, 2021

Check Growth Lifts Restaurant Sales; Traffic Far from Recovering

Published

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Industry Comp Sales & Traffic

Comp Sales

5.43%

Comp Traffic

-5.27%

*2-year comp sales and traffic (only applies from March 2021)

Restaurant Workforce Turnover

Manager Turnover*

Q2 '21
Roll 12

Hourly Turnover*

Q2 '21
Roll 12
*Black Box Workforce Intelligence, April, 2021 Release

Check Growth Lifts Restaurant Sales; Traffic Far from Recovering  

*Please note, unless otherwise indicated,
numbers are reported using 2-year metrics
 

After three consecutive months of sales stronger than they were back in 2019, the restaurant industry’s recovery from the pandemic remains solid. Thankfully, this recovery came much faster than initially expected. Same-store sales growth was +5.4% during May on a 2-year basis. While robust, sales growth dropped 1.6 percentage points from the results posted in April. 

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 Black Box Intelligence™ is the leading data and insights provider of workforce, guest, consumer and financial performance benchmarks for the hospitality industry. The Black Box Intelligence product suite is the industry standard for operators seeking to achieve best-in-class performance results. With the largest and most reliable set of real restaurant data in the marketplace, Black Box Intelligence currently tracks and analyzes nearly 300 brands, 2.4 million employees, 50,000 restaurant units and $76 billion in annual sales revenue. Black Box Intelligence is also the producer of the Global Best Practices Conference held annually in Dallas, Texas. 

 

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.

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