QSR sales in the US are down 2.9% compared to April 2021. The continuous decrease in month-over-month traffic trends is a strong contributor. In March, RMS observed a drop in YOY traffic (-8.5%) and the trend continues, with data indicating traffic is down -9.4% compared to last year.

Average check, up 7.2% compared to April 2021, continues to support topline sales. It is important to note that the 2021 comparison period was a time of great pent-up demand, as lockdowns and restrictions were lifted, and vaccines became available (March to May 2021).  As we move forward into the summer months, we may see the gaps in YOY traffic and sales trends lessen.