Food services and drinking places report all-time high in operating revenue in 2023, while profit margins get squeezed
Operating revenue for the food services and drinking places subsector rose 12.5% to $95.0 billion in 2023. Revenue for the subsector was over one-fifth (+21.2%) higher compared with 2019, before the COVID-19 pandemic.
Sales of food and non-alcoholic beverages accounted for 86.6% of total sales in 2023, with alcoholic beverages making up 10.5% and other sales accounting for the final 2.8%.
Contact information
------For more information, contact the Statistical Information Service (toll-free 1-800-263-1136; 514-283-8300; infostats@statcan.gc.ca) or Media Relations (statcan.mediahotline-ligneinfomedias.statcan@statcan.gc.ca).
Type
New Data
Off