Fast Casual: April Restaurant Sales Best in Nearly 3 Years

The restaurant industry has experienced a strong month in April, with same-store sales jumping 1.5 percent, but is also facing challenges such as a drop in same-store traffic.

Read the original at 1851 Franchise
Fast Casual: April Restaurant Sales Best in Nearly 3 Years

TL;DR

The restaurant industry experienced a strong month in April with same-store sales jumping 1.5 percent, but also faced challenges such as a drop in same-store traffic. This marks the best month for the restaurant industry since September 2015.

April proved to be a strong month for the restaurant industry. According to data from TDn2K cited by Fast Casual, same-store sales jumped 1.5 percent last month. That’s an improvement over 0.7 in March, and it marks the best month for the restaurant industry since September of 2015. However, despite that positive news, the restaurant industry is also facing a lot of challenges. In April, restaurants also experienced a drop in same-store traffic.

In a release quoted by Fast Casual, TDn2K Vice President of Insights and Knowledge Victor Fernandez said, “We are seeing an uptick in restaurant revenue beginning with the fourth quarter of last year. Stronger economic conditions and high consumer confidence are certainly factors. However, this performance has to be considered against last year’s soft sales. A longer view suggests there are still significant challenges for the industry.”

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This story was originally published in 1851 Franchise on May 17, 2018. Burnaze summarizes and links to the original reporting.

Read the full story at 1851 Franchise

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