Tuesday, June 6, 2017

Restaurant sales gain ground in second quarter with big boost in burgers

A waitress delivers sushi orders at Masa Hibachi Steakhouse & Sushi in Silver Spring, Maryland.New products and promotions helped boost same-store sales growth in restaurants so far in the second quarter, according to Wall Street analysts.

"About two-thirds of the way through the second quarter, U.S. chain quick-service restaurant same-store sales appear to have improved by about 30 to 50 basis points sequentially from those of the first quarter as a whole," Mark Kalinowski, a Nomura-Instinet analyst, wrote in a research note Monday.. . . more

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