Technomic Study Finds Foodservice Performance Continuing Upward Trend
The restaurant industry’s comeback is showing no signs of slowing down. The latest Technomic Tindex report, a monthly benchmark for the health of the foodservice industry in the United States, finds another increase in the month of April. This continues the trend of consecutive increases every month this year.
-April 2021 TIndex (current): 94.6
-March 2021 TIndex: 94.1
-February 2021 TIndex: 86.1
-January 2021 TIndex: 82.2
“For the month of April, the TIndex increased to 94.6 from 94.1 in March, showing strengthening results especially within the restaurant segments,” explains Joe Pawlak, managing principal at Technomic. “This represents the continued performance improvement and recovery of the industry as states and the CDC are loosening restrictions nationwide.”
In April of 2020, the Tindex was 49.1 as Covid restrictions clamped down on the industry. That means overall foodservice sales increased by almost 93% this April over April 2020.
Technomic’s Tindex accounts for inflation and allows for industry growth analysis on a year-over-year basis for the same month. It tracks the foodservice industry using a variety of datasets, including operator transaction, consumer visit tracking, and distributor sales information.
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