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USDA: QUICK-SERVICE RESTAURANTS RECOVERED FASTER THAN FULL-SERVICE
Apr. 14, 2022
Source: USDA news release
Consumer spending at both full-service and quick-service restaurants initially fell following the onset of the Coronavirus (COVID-19) pandemic, with noteworthy differences between the two. Before the pandemic (as of December 2019-February 2020), consumer spending at both quick-service and full-service restaurants was near or slightly above previous year levels.
As of March-May 2020, spending at quick-service restaurants had dropped to about $20.1 billion, 15.4 percent lower than average spending a year earlier. Full-service restaurants experienced a more severe drop during this period, likely related to the mandates limiting in-person dining across much of the country. Spending fell to $7 billion, 51.7 percent lower than the year before.
Quick-service restaurants recovered faster than full-service restaurants, with spending surpassing previous year levels for the last four months of 2020. In contrast, by the end of 2020, full-service restaurants retained a 24.8 percent drop in year-to-year spending.
This chart appears in the USDA, Economic Research Service's Amber Waves article, "Spending Gap Between Full and Quick-Service Restaurants Widened During Coronavirus (COVID-19) Pandemic", April 2022 utilizing data from The NPD Group's Consumer Reported Eating Share Trends (NPD CREST).
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