- Restaurant same-store sales fell for the third straight month, according to data from Black Box Intelligence.
- Same-store sales fell 1.0% Y/Y during the month, a slight improvement over the 1.1% drop in March. Comparable traffic was down 3.3%. Sales gains were recorded for the fine dining, upscale casual and family dining categories, --while fast-casual and quick service sales fell back.
- "The move of the Easter holiday meant that April’s results were likely softer than they would have been without this shift, meaning spending in restaurants was probably a little stronger than the numbers show," notes Black Box.
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- Related ETF: MENU.
Restaurant sales down in April
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Symbol | Last Price | % Chg |
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CAKE | - | - |
The Cheesecake Factory Incorporated |