Alberta restaurants saw better sales this past November, but there’s is still plenty of room to improve, says ATB Financial.
November marked the second consecutive monthly gain for restaurant and bar sales in the province, as seasonally adjusted receipts ticked up by $6.5 million (0.8 per cent).
On an unadjusted basis, restaurant and bar sales stood $789 million (11 per cent) higher over the first 11 months in 2021 compared to the same period in 2020. According to Statistics Canada’s Consumer Price Index data, average price of food purchased from restaurants grew 2.7 per cent during the same time period, partly contributing to the year-to-date growth.
Sales in Alberta, however, remained $37 million (4.5 per cent) below the pre-pandemic level set in February 2020 and Ontario was the only other province yet to surpass its pre-pandemic level.
Nationally, unadjusted revenues were up $8.7 billion (17 per cent) year-to-date, driven by solid gains in full and limited-service restaurant sales.
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