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Restaurant Sciences Reveals Lager Sales Decline in Q3

Restaurant Sciences LLC, an independent firm that closely tracks food and beverage product sales throughout the foodservice industry in North America, reports that nationwide on-premise lager sales are down 7 percent from Q3 2012 to Q3 2013.

GuestMetrics Shows Restaurant/Bar Trends Deteriorating

According to GuestMetrics, restaurant/bar trends during the 4 weeks ending 10/06/13 showed further deterioration, resulting in 3Q13 being the weakest quarter so far this year for on-premise.The data indicates that across the board during the 4-week period ending October 6th, trends for full service restaurants and bars continued to be very weak.

Government Shutdown Affects Sales

The federal government shutdown is having a negative effect on D.C. restaurants. In a study by Avero, a leading provider of analytic software to the hospitality industry, D.C. restaurants saw traffic slow 7.

East Coast Wings & Grill Reports Sales Growth

As the popularity of chicken wings rises among the industry, East Coast Wings & Grill has proven, once again, their gourmet-style buffalo wing concept holds strong within a competitive market. The North Carolina-based restaurant chain announces their 39th consecutive quarter of same store sales growth.

Diageo’s Don Julio Boosts Spirit Sales

According to GuestMetrics, consistent with Diageo’s renewed focus on the tequila category, Don Julio’s performance in on-premise has been strongly accelerating throughout the year, resulting in the brand being among the top share gainers in the overall spirits category in 3Q13.

Survey Finds Prospective Business Buyers, Sellers Confident

BizBuySell.com, the Internet’s largest business-for-sale marketplace, announced the results of its August 2013 survey of business buyers and sellers. BizBuySell.com’s nationwide survey, designed to better understand the current wants, needs, and sentiments of buyers and sellers in today’s small business market, surveyed more than 1,500 people currently interested in either buying or selling a business.

Technomic Reports Shifts in the Beer Industry

The beer industry reversed its downward trend of recent years to post both volume and dollar gains in 2012, but the momentum is slowing in 2013. The just-released 2013 BeerTAB (Trends in Adult Beverage) Report reveals that following a 1.

PayPal and Viableware Streamline Digital Payments

Viableware announced that PayPal payments will be accepted on the RAIL payment platform, a mobile payment device that enables full-service restaurants to securely accept various forms of payment at the table.

Restaurant Performance Index Edged Down in August

Due to a softer outlook among restaurant operators for sales growth and the economy, the National Restaurant Association’s Restaurant Performance Index (RPI) declined for the third consecutive month.

Further Deterioration in Restaurant Traffic Impacts Alcoholic Beverages

According to GuestMetrics, food & beverage trends at table service restaurants and bars through early September 2013 deteriorated from the already weak levels through mid-August, and with 3Q13 nearly 80 percent complete, the quarter is likely to be the weakest for on-premise thus far in 2013.

Touchsuite Named on Inc. 500 List of Fastest Growing Company

TouchSuite, the leader in integrated POS and payment processing systems, was named to Inc. magazine’s exclusive Annual Inc. 500 rankings of America’s fasting growing private companies.The list represents a comprehensive look at the most important segment of the economy—America’s independent entrepreneurs.

U.S. Restaurant Traffic Increases, Reports NPD

U.S. restaurant traffic increased by +1 percent in the second calendar quarter of 2013 compared to same quarter last year while consumer spending, driven primarily by average check growth, increased by +3 percent, according to The NPD Group, a leading global information company.

Gen Y Fine Dining Spending Increases

American Express released a Small Merchant Spend Sights report, which analyzes consumer-spending trends across a range of small merchants, including retail, restaurants, lodging and charity. The Small Merchant Spend Sights report uses actual, aggregated spend data to help identify year-over-year trends, which for Q2 2013 showed the spending power of Gen Y.