Friday, March 10, 2017

Restaurant sales, traffic tumble in February

same sales declineSame-store sales fell 3.7 percent in February, with traffic declining 5.0 percent. Unfortunately, January’s improved results were not a turning point in declining industry performance. Trends are hard to discern since weather, holiday shifts in Valentine’s Day and President’s Day and winter breaks distorted weekly results.

A macro view leaves little room for optimism. Same-store sales averaged a 2.7 percent decline for the last three months. February’s results were among the weakest in the last four years.. . . more

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