In 2023, the U.S. restaurant industry navigated inflationary pressures while maintaining stability. Despite consumer caution in spending due to elevated borrowing rates, there was a significant rise in dining sales, notably contributing to overall growth. In December, restaurant sales continued to rise, albeit at a slower pace compared with recent months’ levels. According to preliminary data from the U.S. Census Bureau, eating and drinking places recorded total sales of $94.6 billion on a seasonally-adjust ...