The Cattle Range Home Page
October 4, 2017
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Restaurant Performance Index Drops

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Restaurant Performance Index Drops

The National Restaurant Association said its Restaurant Performance Index declined for the second straight month in August due to dampened sales and traffic levels and a mixed outlook for future business conditions.

August registered the lowest reading for the index since January, and the decline was the result of drops in both the current situation and expectations components. Restaurant operators reported softer same-store sales and customer traffic levels in August. The Restaurant Performance Index stood at 100.2 in August, down 0.4 percent from a level of 100.6 in July.

Traffic downturn

Restaurant operators reported a net decline in customer traffic for the fifth consecutive month. Forty-eight percent of operators reported a traffic decline in August, compared with a year ago, while 25 percent reported an increase.
Forty percent of restaurant operators reported a same-store sales decline in August from a year ago. Thirty-nine percent of restaurant operators reported a same-store sales increase.

A bright spot was the outlook for capital spending, with a majority of operators anticipating an expenditure in the next six months.

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