(it) sure is too bad


Senior Member
CARTMAN: Yeah, I'll see you around. [leaving and still speaking] Sure is too bad about my grandma, though.
SCOTT: Your grandma?
CARTMAN: It's not really your concern. It's just that... Well, my grandma's in the hospital. She's very sick.
(South Park)

Is it an "it" that was omitted -- "It sure is too bad"? Is it informal style, right?.. Thank you.
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