GO
Loading...

Enter multiple symbols separated by commas

Score, US! The Fed on the World Cup effect

The U.S. may have lost the World Cup, but some American restaurants got a boost from the soccer tournament, according to the Federal Reserve's Beige Book report.

In the St. Louis district, the report noted that "some restaurants and businesses across the District saw historically large revenue during the World Cup festivities."

Tim Howard controls the ball during a 2014 FIFA World Cup match between the U.S. and Germany.
Getty Images
Tim Howard controls the ball during a 2014 FIFA World Cup match between the U.S. and Germany.

Already, there's anecdotal evidence from local media reports that bars and restaurants saw a traffic boost from the World Cup. Late last month, Wunderlich Securities analysts wrote that strong viewership of the match-ups boded well for Buffalo Wild Wings'same-store sales during the second and third quarter.

Elsewhere in the report, news for restaurants was mixed. In the Philadelphia district, family-run restaurants, especially in smaller markets, "are often still struggling to stay in operation." Over in Louisville, Kentucky, there were reports of more restaurant openings than closings while the Kansas City region saw a slight increase in restaurant sales.

—CNBC's Katie Little