Summer Slowdown Continues as Record-High Inflation Keeps Consumers Questioning Spend
Black Box Intelligence
JULY 26, 2022
Restaurants are experiencing strong headwinds as the industry hits peak Summer season. Year-over-year guest counts have now been in a three-month decline (since March 2022), impacting sales and traffic. For the first time in over a year, segment frontrunner Fine Dining experienced its biggest drop in sales growth for the month of June.
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