US Fast-Food turnover declined
The fast-food segment posted a 1 percent year-over-year drop in traffic during the quarter that ended in February – the first venture into negative territory since the same quarter in 2003, according to NPD's Consumer Reports.
Fast-food chains, which have been expanding menus that offer food items for around $1, generally have been the most insulated from the current recession that has forced cash-crunched diners to eat more meals at home and trade down to lower-priced eateries. The overall food service industry suffered a 1.5 percent fall in quarterly traffic – the second consecutive quarter of negative customer counts — as mounting job losses dented weekday lunch and dinner visits. While diners cut back on weekday visits, NPD said they ate out more often during the weekend – reversing a trend seen in prior quarters.
Related news
Related news
KSH: in April, retail turnover exceeded the same period of the previous year by 5.0 percent and the previous month by 2.0 percent
In April 2025, the volume of retail trade turnover increased…
Read more >FAO food price index fell in May
The benchmark global food price index fell in May from…
Read more >Eurozone retail sales rise in April
Retail sales in the eurozone and the European Union increased…
Read more >