Avero Index: 2018 Year in Review
This August saw strong YOY restaurant sales across the country compared to last August, with a 0.6% increase in gross sales nationwide. The South Central portion of the country saw the greatest improvement with an increase of 7% in gross sales.
Avero's NYC Restaurant Education Experience tour scholarship winners with their mentors.
Across the country and across different service types, restaurants had a lower sales month this July compared to July 2017. The most obvious factor in the decline is that there were only four Saturdays in the month this year, versus the five.
Warm weather, school breaks, and summer vacations all spell higher sales for low average ticket restaurants like quick serve hot dog and ice cream stands. The Avero Index reveals that restaurants with an average ticket under $25 saw an increase.
Your restaurant might have the best menu and ambiance, perfectly executed food and drinks, and top-notch service, but you have to get people in the door in order to showcase your talent.
What does it matter when the last three mackerel servings go in the trash bin at the end of service, or if you bought a few too many carrots in this week’s order? Well, it matters a lot. 40% of food goes unused each year, and the amount of waste.