Texas Foodservice Industry Surpasses $100 Billion in Sales for the First Time as State's Largest Private Sector Employer
AUSTIN, Texas, March 19, 2024 /PRNewswire/ -- According to the latest data from the U.S. Bureau of Labor Statistics, the Texas foodservice industry has achieved two major milestones, crossing the $100 billion sales threshold for the first time and graduating to the largest private sector employer in the state, surpassing the healthcare industry. These milestones and new data collected from a diverse group of restaurants across Texas reflect the resiliency of the industry that continues to grapple with the economic shock waves caused by the COVID-19 pandemic.
- AUSTIN, Texas, March 19, 2024 /PRNewswire/ -- According to the latest data from the U.S. Bureau of Labor Statistics, the Texas foodservice industry has achieved two major milestones, crossing the $100 billion sales threshold for the first time and graduating to the largest private sector employer in the state, surpassing the healthcare industry.
- At the same time, small businesses continue to lead the industry with 91% of Texas restaurants employing fewer than 50 people.
- Texas has 56,739 restaurant locations driving $106.8 billion in annual sales.
- A recent survey conducted by the Texas Restaurant Association underscores that restaurants are making these gains despite inflation and worker shortages.