Market Outlook: St. Patrick’s Day puts pressure on restaurant bar sales
BNN Bloomberg
St. Patrick’s Day will test restaurant bar sales as Canadians drink less, with declining consumption and shifting habits weighing on industry revenues.
BNN Bloomberg spoke with Kelly Higginson, president of Restaurants Canada, about how reduced drinking, rising costs and changing preferences are reshaping restaurant revenues and consumer behaviour.
Read the full transcript below:
ROGER: On St. Patrick’s Day, new data from Statistics Canada shows alcohol sales have been slowing. So there will be a test for bars and restaurants today as broader shifts toward drinking less start to weigh on sales. Here to discuss this is Kelly Higginson, president of Restaurants Canada. Kelly, thanks very much for joining us.
KELLY: Good morning. Thanks for having me.
ROGER: How noticeable is this shift?
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