Foodservice sales to hit $997 billion in 2023, National Restaurant Association forecasts

Foodservice industry sales will reach $997 billion in 2023, driven in part by higher menu prices and continued pent-up demand, the National Restaurant Association forecasts.

In its annual “2023 State of the Restaurant Industry” report released today, the association expected sales to increase $60 billion over the $937 billion last year, which had exceeded the association forecast of $898 billion.

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