Majority of restaurant operators reported positive same-store sales and customer traffic levels; outlook for continued sales growth remains positive.
The National Restaurant Association’s Restaurant Performance Index stood at 102.9 in December, up 0.8 percent from its November level of 102.1. The RPI’s continued growth was fueled by positive sales and traffic levels, among other factors, according to the National Restaurant Association.
“Overall, the RPI posted three consecutive months above 102 for the first time since the first quarter of 2006, which puts the industry on a positive track heading into 2015,” said Hudson Riehle, senior vice president of the Research and Knowledge Group for the National Restaurant Association. Index values of more than 100 indicate a period of expansion among the collection of restaurant industry key economic indicators. Index values of less than 100 represent a period of contraction.
The Current Situation Index, which measures current trends in four industry indicators (same-store sales, traffic, labor and capital expenditures), stood at 102.9 in December, up 1.5 percent from a level of 101.4 in November. Key data points from the Current Situation Index include:
The Expectations Index, which measures restaurant operators’ six-month outlook for four industry indicators (same-store sales, employees, capital expenditures and business conditions), stood at 102.9 in December, up 0.1 percent from November. Key data points from the Expectations Index include: