- Same-store sales at restaurant chains fell 0.1% in June on a 1.7% decline in traffic, according to Black Box Intelligence.
- The sub-par performance knocks down the argument that weakness in Q1 and for the early part of Q2 was largely due to weather factors.
- Restaurant Finance Monitor notes that the increase in quality of to-go meals by grocery store chains and pharmacies could be having an impact.
- Related stocks: CAKE, CBRL, DRI, EAT, PNRA, RRGB, RT, BWLD, THI, BDL, NATH, LUB, CHUY, BLMN, TXRH, DENN, BBRG, DFRG, BOBE, RUTH, IRG, DIN.
at Zacks.com (Nov 17, 2014)