Restaurants Canada Revises 2022 and 2023 Forecasts Higher, As Recovery Is Stronger Than Expected

Citing better than expected results so far during 2022, Restaurants Canada has revised up its forecasts for restaurant sales growth in Canada for 2022 and 2023. First-quarter 2022 sales came in C$1.1 billion higher than previously forecast and total sales were only 4% shy of pre-pandemic levels. Monthly sales surpassed pre-pandemic number in March. Of…