U.S. restaurant sales showed strong resilience last month. Eating and drinking places generated total sales of $85 billion, up 0.7% from April, and marked the fourth consecutive monthly increase in consumer spending on restaurants and bars.
In-home spending on food increased more than menu items at quick-service and fast-casual restaurants. According to Nick Cole, Mitsubishi UFJ Financial Group’s Head of Restaurant Finance, this trend makes restaurants appealing.
