Global food/beverage industry trendwatcher, consultant, & connoisseur. Senior Principal @Technomic. Named 1 of top #restaurant/#food industry experts to follow
Apr 2, 2021 • 10 tweets • 6 min read
1/ Last week I put a thread out about the performance of the Top 1,500 #restaurant chains. Today, our @Technomic much-anticipated top 500 chain report was issued, & it's worth digging a bit into the biggest of the chain market. The details are here: technomic.com/reports/indust…2/ Several years ago, it was a big deal when none of the top 10 #restaurant chains in the US were full-service. This reflected the ongoing strength of #fastfood and #fastcasual.
With 2020's results, none of the top 20 restaurant chains are full service.
Jun 30, 2020 • 8 tweets • 6 min read
I've spent this morning on a number of calls and webinars discussing the #global#restaurant market and the outlook for 2020 and beyond. I thought I'd collect some thoughts on where we @Technomic see the business going.
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First, in North America: our midpoint scenario analysis for US #restaurants is a decline in consumer spending of 22% in 2020. Canada's outlook is a bit worse, with our midpoint expectations at -26% decline. #Delivery and #takeout has been key for operators in these markets.
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