Seeking Alpha

Restaurant visit growth slumped to a 1% gain over the spring quarter, according to research firm...

Restaurant visit growth slumped to a 1% gain over the spring quarter, according to research firm NPD. Though the quick-service restaurant segment registered 2% growth for the period, both the midscale and casual dining segments saw fewer visits over the past year. Diners did spend a bit more per visit, with the average check going up 2%.
Comments (5)
  • Kevin Flynn, CFA
    , contributor
    Comments (638) | Send Message
     
    Diners are not spending more per visit. The same number of higher spenders are spending the same amount of meals. As budget diners drop out, it skews the average for the check price higher.
    14 Aug 2012, 03:01 PM Reply Like
  • richnirish
    , contributor
    Comments (6) | Send Message
     
    Why did you publish this as YUM. There is nothing in the article that indicates this reflects what YUM has done. Especially since almost half of their business is foreign.
    14 Aug 2012, 03:19 PM Reply Like
  • Richard Adams
    , contributor
    Comments (179) | Send Message
     
    As for McDonald's, franchisees are seeing their average checks under pressure because top of the menu prices have gotten too high and more and more guests chose from the Dollar or Value menus.
    14 Aug 2012, 04:12 PM Reply Like
  • marilyn61
    , contributor
    Comments (173) | Send Message
     
    A sign of the times. People will always cut back on their expenditure first where it is least likely to have any impact on their lives. Business lunches will continue to happen but not at these sort of establishments.
    15 Aug 2012, 03:06 AM Reply Like
  • ae191
    , contributor
    Comment (1) | Send Message
     
    This company has always been and continues to be nothing more than a private concern with a ticker symbol, first run solely for the benefit of the first (and now second) generation of the Flanigan family and its cronies. (E.g. just look at the percentage of compensation that its execs. collectively pull in v. the industry as a whole). As long as they remain in control the public's investment $$$ is dead money.
    2 Sep 2012, 10:20 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector