Year over year, restaurants saw growth in both total sales (+8.1%) and foot traffic (+8.7%); however, average ticket sizes continued to decline (-1.3%) compared to 2023, accoring to Fiserv Small Business Index for November 2024.
Food Services and Drinking Places, which includes restaurants, indexed at 131 in November, a 4-point increase compared to October. On a monthly basis, both restaurant sales (+3.1%) and transactions (+1.9%) also rose, marking a second consecutive month of strong growth.
Published monthly, the Fiserv Small Business Index is derived from point-of-sale transaction data, including card, cash, and check transactions in-store and online across approximately 2 million U.S. small businesses (restaurants, retailers and…
Boutique Travel VC raises investment cap from $1.5M to $10M to lead rounds and support portfolio companies through growth Travel...
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