{"id":3224,"date":"2024-06-07T14:34:30","date_gmt":"2024-06-07T18:34:30","guid":{"rendered":"https:\/\/www.restaurantscanada.org\/?post_type=research&p=3224"},"modified":"2024-06-07T14:35:18","modified_gmt":"2024-06-07T18:35:18","slug":"canadas-restaurant-industry-records-lacklustre-real-sales-in-march","status":"publish","type":"research","link":"https:\/\/www.restaurantscanada.org\/fr\/research\/canadas-restaurant-industry-records-lacklustre-real-sales-in-march\/","title":{"rendered":"Canada\u2019s restaurant industry records lacklustre real sales in March"},"content":{"rendered":"\n

The combination of weak consumer confidence and high cost of living continued to restrain guest spending at restaurants in March 2024. While nominal sales increased by 5.6% in March compared to last year, when adjusted for menu inflation of 5.1%, real sales rose by a tepid 0.4%. In fact, real sales in March 2024 remained 0.2% below<\/em> March 2019 levels, as spending at full-service restaurants, caterers and drinking places still have not fully returned to pre-pandemic levels.<\/p>\n\n\n\n

The foodservice industry continued to feel the pinch of weaker consumer spending in the first quarter of 2024. As a result, real sales declined at quick-service restaurants (-1.6%) and drinking places (-3.0%). In contrast, caterers led all segments with a 2.8% increase in real sales due to solid gains across most provinces.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Seven provinces reported lower real spending at restaurants. After several years of strong gains, real foodservice sales on Prince Edward Island tumbled by 7.1% due to a moderation in consumer demand. Despite this setback, Prince Edward Island leads the country as real sales are 13.3% above pre-pandemic levels.\u00a0 Meanwhile, Ontario led all provinces on a year-over-year basis, with real sales up 2.3% compared to March 2023. However, compared to pre-pandemic levels, real foodservice sales are essentially flat (-0.2%).<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

For more information, Restaurants Canada\u2019s latest Fast Facts can be found here<\/a><\/strong>. Look out for the next issue of The Quarterly<\/a><\/strong> coming soon.<\/p>\n","protected":false},"excerpt":{"rendered":"

The combination of weak consumer confidence and high cost of living continued to restrain guest spending at restaurants…<\/p>\n","protected":false},"author":5,"featured_media":3229,"template":"","meta":{"_acf_changed":false},"research-type":[177],"advocacy-issue":[],"class_list":["post-3224","research","type-research","status-publish","has-post-thumbnail","hentry","research-type-economists-notebook"],"acf":[],"yoast_head":"\nCanada\u2019s restaurant industry records lacklustre real sales in March - Restaurants Canada<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.restaurantscanada.org\/research\/canadas-restaurant-industry-records-lacklustre-real-sales-in-march\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canada\u2019s restaurant industry records lacklustre real sales in March - 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