- Same-store sales at chain restaurants fell 0.3% Y/Y in May to record the third consecutive month of negative growth, according to data from Black Box Intelligence.
- Restaurant traffic was down 2.7% during the month. YTD traffic is -2.6% Y/Y.
- A weak performance in areas impacted by the downturn in the energy industry is contributing to the decline in same-store sales.
- There's also been some analysis suggesting that consumers are pushing back against menu price hikes.
- Restaurant stocks: CAKE, CBRL, DNKN, DPZ, DRI, EAT, JACK, MCD, PNRA, RRGB, RT, SONC, WEN, BWLD, BDL, QSR, CHUY, BLMN, PZZA, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN, HABT, NDLS, BOJA, PBPB, PLKI, FRSH, RAVE, LOCO, TACO, PZZA, KONA, BGR, BJRI, CHUY, FRS, CBRL, GTIM, TAST,WING, BOJA, ZOES, PLAY, FOGO, ARCO.
- Related ETF: BITE.
Restaurant same-store sales stay on negative track
Recommended For You
About CAKE Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
CAKE | - | - |
The Cheesecake Factory Incorporated |