The year continues to be disappointing for the restaurant industry as February again resulted in negative same-store sales. This represents the third consecutive month in which this key metric has shown decreasing sales, which hasn't occurred in over three years. This is clearly evidence of the predicament the industry faces during this unusually cold winter. This was … [Read more]
Tagged As "consumer edge insights"
After a disappointing end to last year, 2014 began with the restaurant industry still showing signs of weakness as it continues to struggle with declining same-store sales and guest counts. This situation was exacerbated in January by the fact that once again, large regions of the country suffered from extreme winter storms that greatly impacted consumer spending in … [Read more]
Black Box Intelligence and People Report released The Restaurant Industry Snapshot this week, showing a return to positive sales during the month of March. The restaurant consumer indicated a third straight month of pullback through their “Consumer Willingness to Spend Index” research from Consumer Edge. Same-store sales were +0.5 percent in March, compared to … [Read more]