NPD Data Shows Restaurant Traffic Deteriorated 2Q-22; Black Box Chain Data Also Chart Softer Market

Some of the best data we have on how the restaurant market is performing show a marked softening in traffic, especially as prices continue to be a drag on customer visits. The NPD Group reported July 27 that restaurant traffic, including online visits, fell 2% during 2Q-22 versus 2Q-21and was 6% below 2Q-2019. As a…