TIndex (Technomic Index)

February TIndex declines modestly

The February TIndex dipped slightly to 107.8, which was off 1.1 points from January’s record high. Despite this minor slide, perhaps this figure is indicative of more normal territory compared to January, as that month’s spike can be attributed to:

• Weak comparisons to January 2022 when the COVID-19 omicron variant outbreak was at its peak
• A strong winter storm/cold snap at the end of December resulting in pent-up demand unleashed in January
• Unseasonably mild weather in January

On a year-over-year basis, the TIndex indicates that February 2023 foodservice sales grew by 9% compared to the same month last year.

About the TIndex: Each index number corresponds to the same month in 2019. Therefore, as an example, the January 2021 index of 82.2 suggests that the industry is 17.8 percentage points smaller than is was in January 2019.

The index is based on a number of datasets available to Technomic including operator transaction, consumer visit tracking and distributor sales information. All data is weighted and evaluated to align with a representation of the total U.S. foodservice industry.

The TIndex is powered in part by Ignite Company, a robust online platform that allows our clients to understand historical foodservice data trends, prioritize accounts, track competitors and more. Learn more about Ignite Company

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