Restaurant sales bounce back in May

Jun. 11, 2019 1:22 PM ETARCO, ARKR, BH, BJRI, BLMN, EAT, TAST, CMG, CHUY, CBRL, DRI, PLAY, TACO, DENN, DIN, DPZ, DNKN, LOCO, BBQ, FAT, FRGI, JAX, JACK, MCD, NATH, NDLS, PFGC, RICK, RRGB, QSR, RUTH, TXRH, CAKE, HABT, STKS, WEN, WTRH, WING, YUMC, YUMBy: Clark Schultz, SA News Editor15 Comments
  • Same-store restaurant sales increased 1.1% in May, led by strong growth in the Mountain Plains part of the U.S, according to tracking conducted by TDn2K. The positive month followed a 0.4% decline in April.
  • Higher average spending per guest in May offset a 2.1% drop in same-store traffic.
  • Same-store traffic is down 2.6% on a rolling three-month basis.
  • TDn2K breakdown: "As we expected, May ratified that the relative strength continues for restaurants when it comes to sales momentum. What is even more encouraging for the industry was that in a month relatively free of external factors, such as winter storms and holiday shifts which have muddied the results in recent months, restaurants were able to post some encouraging sales growth."
  • Restaurant stocks: Arcos Dorados (NYSE:ARCO), Ark Restaurants (NASDAQ:ARKR), Biglari Holdings (NYSE:BH), BJ's Restaurants (NASDAQ:BJRI), Bloomin Brands (NASDAQ:BLMN), Brinker International (NYSE:EAT), Carrols Restaurant Group (NASDAQ:TAST), Chipotle (NYSE:CMG), Chuy's Holdings (NASDAQ:CHUY), Cracker Barrel (NASDAQ:CBRL), Darden Restaurants (NYSE:DRI), Dave & Buster's Entertainment (NASDAQ:PLAY), Del Frisco's Restaurants (NASDAQ:TACO), Del Taco (TACO), Denny's (NASDAQ:DENN), Dine Brands (NYSE:DIN), Domino's Pizza (NYSE:DPZ), Dunkin' Brands (NASDAQ:DNKN), El Pollo Loco (NASDAQ:LOCO), Famous Dave's of America (NASDAQ:DAVE), FAT Brands (NASDAQ:FAT), Fiesta Restaurant Group (NASDAQ:FRGI), J. Alexander's (NYSE:JAX), Jack in the Box (NASDAQ:JACK), McDonald's (NYSE:MCD), Nathan's Famous (NASDAQ:NATH), Noodles (NASDAQ:NDLS), Pepper Food Service (NYSE:PFGC), Performance Food Group (PFGC), RCH Hospitality (NASDAQ:RICK), Red Robin Gourmet (NASDAQ:RRGB), Restaurant Brands International (NYSE:QSR), Ruth's Hospitality (NASDAQ:RUTH), Texas Roadhouse (NASDAQ:TXRH) Cheesecake Factory (NASDAQ:CAKE), Habit Restaurants (NASDAQ:HABT), One Group Hospitality (NASDAQ:STKS), Wendy's (NASDAQ:WEN), Waitr (NASDAQ:WTRH), Wingstop (NASDAQ:WING), Yum China (NYSE:YUMC), Yum Brands (NYSE:YUM).
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