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Out of the Box: Monthly Restaurant Industry Update August 2024: Is This a Turning Point? After several challenging months, signs of recovery are beginning to appear. Our expectation has always been for a stronger Q4 relative to Q3, and the latest data shows that the recovery may start earlier than expected. Comp Sales -3.6%
However, we’re seeing some major shifts around menu creation, procurement, and dining habits of guests. A large percentage of these investments are driven by food service industry startups that help businesses streamline BoH operations to reduce food waste. The F&B industry grew in 2022… and it will keep growing in 2023.
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