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Business

US restaurant transactions down 42% YoY through the end of March

Source: https://www.npd.com/wps/portal/npd/us/news/coronavirus/

According to research and data firm The NPD Group, restaurant customer transactions dropped by 42% in the fourth week of March (week ending March 29) compared to the same week year ago.

“The transaction declines partially reflect the struggle of on-premise restaurants to pivot to off-premise models,” says David Portalatin, our food industry advisor. “Many restaurants that are attempting to make the move are doing so with limited menu offerings and without the benefit of drive-thru lanes, he added.”

To learn more about the data behind this article and what The NPD Group has to offer, visit https://www.npd.com/.

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Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

Advan

Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

Advan is headquartered in New York City. For more information please visit www.advan.us