Operators remain upbeat despite challenging sales and traffic numbers.
The National Restaurant Association's Restaurant Performance Index declined to 100.4 in September, down 0.3 percent from August. Despite the decline, September represented the 11th consecutive month the RPI exceeded 100, indicating expansion in the index.
The Current Situation Index, which measures current trends in four industry indicators (same-store sales, traffic, labor and capital expenditures), stood at 99.9 in September — down 0.7 percent from a level of 100.6 in August. Although same-store sales remained positive in September, the softness in the labor and customer traffic indicators outweighed the performance, which led to a Current Situation Index reading of less than 100 for the second time in the last three months, according to the National Restaurant Association.
Key data points from the Current Situation Index include:
The Expectations Index, which measures restaurant operators' six-month outlook, stood at 100.9 in September — up 0.2 percent from August. Key data points from the Expectations Index include:
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