How long will the boom in restaurant sales last?
This week’s episode of the Restaurant Business podcast features Michael Swanson, an agricultural economist and consultant with Wells Fargo.
Wells is a huge lender in the restaurant industry and Swanson’s focus is on consumer demand. He discusses the surge in industry spending this year and why sales are increasing—and how much price is affecting that increase. He also talks about how long operators can expect these sales to continue.
Restaurant same-store sales have risen at most concepts, but particularly at fast-food chains, typically above 2019 levels.
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