Consumer spending trend in restaurants looks positive for second half
SEAFOODNEWS.COM [Nation's Restaurant News] By Lisa Jennings - July 16, 2014 -
The second quarter ended on a slow note, with lackluster same-store sales in June due in part to ailing dinner and weekend traffic. However, improvements in consumer spending trends bode well for the second half of the year, according to the latest NRN-MillerPulse report released Tuesday.
Restaurant same-store sales rose 0.8 percent in June, lower than the 1.9 percent increase recorded in May. Still, the second quarter ended on a better note than the first, with same-store sales rising 1.4 percent, compared with the 1-percent increase in the prior quarter.
The good news, he said, is that consumer surveys indicate that could happen very soon...(more)
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