NRA Credits Increasing Same-Store Sales for Positive Monthly Performance Index
For the fourth consecutive month, most restaurant operators reported recently making an equipment purchase, or investing in an expansion or remodel, according to the National Restaurant Association’s June Restaurant Performance Index. In all, 75 percent of operators said they made a capital investment in the past three months.
The report was positive overall, with a 0.5 percent increase in the Restaurant Performance Index to a score of 101.6. The score is a composite of same-store sales, traffic, labor, and capital expenditures designed to measure the overall health and outlook of the U.S. restaurant industry. Any value greater than 100 signals a market expansion.
The NRA credited the positive trend to strong same-store sales, with a majority of restaurant operators reporting an increase for the first time in three months. Traffic results were more mixed, however, there was an overall improvement compared to the traffic declines reported the previous two months.
Going forward, 58 percent of restaurant operators said they plan to make a capital expenditure in the coming months, a decrease from 64 percent in the May report.
The complete June RPI report can be found here.