The latest national restaurant sales data for August 2024 is now available! The Fast Casual sector showed a positive trend, ending at 1% in the 7-day moving average. Full Service ended the month at 0%, which is up from last month's metrics. Both segments were positive for most of the month, which is great to see!
Food costs averaged 29% as a percentage of sales this month, reflecting a slight drop from last month's average.
Dried seaweed topped our Movers list with an 84% price increase across MarginEdge customers in August. Japanese cucumbers topped our Droppers list at a -39% average price drop, followed by more cucumbers and green onions.
Regionally, the West showed a resilient rebound, ending on a positive note at 2%. The Midwest also registered growth, finishing the month at 1%.
We're excited to see next month's sales, especially with Labor Day in the mix. We'll see you in October!