The National Restaurant Association reports a 0.5 percent uptick in its November 2018 Restaurant Performance Index (RPI) for a final reading of 101.8. Any reading greater than 100 indicates growth. The rise in the RPI was due primarily to the Current Situation Index, which rose 1.3 percent to 102.2, its highest reading since August. Both comparable store sales and customer traffic improved in November.

The Expectations Index was at 101.4 in November, down slightly from October’s reading of 101.6 as operators remained uncertain about the next 6 months.

Foodservice operators showed a willingness to invest, as 62 percent of those surveyed made a capital expenditure for equipment, expansion and/or remodeling in the last 3 months. This is up 9 percent from the previous month. As for the future, 59 percent of operators plan to make a capital expenditure for equipment, expansion and/or remodeling in the next 6 months, which is up from 53 percent in October.

While November was not a spectacular month it appears to be a solid one.

Economic News This Week

Foodservice News This Week

 

For details and same-store sales of other chains, please click here for the Green Sheet.

Dealer of the Year View the 2019 Winners