With the lifting of restrictions and more consumers vaccinated, customer transactions at major restaurant chains were up 32% in March compared to the 43% decline a year ago, although still down -6% compared to March 2019.
Major chain transactions at full-service restaurants were up +210% this March compared to a year ago, or down -25% compared to two years ago, according to NPD’s CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 75 quick service, fast-casual, midscale, and casual dining chains representing 53% of the commercial restaurant traffic in the U.S.
This sharp rebound at chain restaurants means, inevitably, that wholesalers will again be supplying the on-premise industry. We expect a return to normal in the restaurant business to be quicker than expected.
Quick service restaurant chains, many of which had well-developed off-premises services, like drive-thru and carry-out prior to the pandemic, have fared better than full-service restaurants this past year. Customer transactions at quick-service restaurant chains declined -40% by the end of March 2020 compared to the like year-earlier period. In March 2021, QSR transactions were up +29% compared to a year ago and down -5% compared to March 2019, NPD reports.
“There is now optimism on the part of the American consumer, which helps to unleash pent-up demand for dining out,” says David Portalatin, NPD food industry advisor and author of Eating Patterns in America.“Although transactions are still down compared to pre-pandemic times, there is improvement and a signal that we’re headed in the right direction on the road to recovery.”