Restaurant same-store sales dip in February
Seeking Alpha
Published Mar 09, 2018 11:11AM ET
Restaurant same-store sales dip in February
- Restaurant same-store sales fell 0.8% in February, according to data from TDn2K.
- Comparable traffic was down 3.1% during the month as harsh winter weather in key regions factored in. Guest spending rose by 2.4% during the month, a deceleration from the 3.0% pace seen in January.
- TDn2K: "We had several external factors in February that cloud our view into the underlying performance. There were weather events that included winter storms as well as record rainfall in some areas. The Winter Olympics captured the attention of almost 20 million Americans nightly for two weeks. Plus, Valentine’s Day fell on Ash Wednesday, a time when many people were involved with church activities. Each of these events impacted sales to some degree."
- Restaurant stocks: CAKE, CBRL, DNKN, DPZ, DRI, EAT, JACK, MCD, RRGB, SONC, WEN, BWLD, QSR, CHUY, BLMN, PZZA, TXRH, DENN, BBRG, DFRG, BOBE, RUTH, IRG, DIN, HABT, NDLS, BOJA, PBPB, FRSH, RAVE, LOCO, TACO, PZZA, KONA, BGR, BJRI, CHUY, CBRL, TAST, WING, BOJA, ZOES, FOGO, ARCO, YUM, CMG, SHAK.
- Now read: The Cheesecake Factory Provides Significant Total Return Potential
Original article
Get The News You Want
Written By: Seeking Alpha
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.