NRA.. 22 month consecutive decline

[SoCalDem]

Not THAT "NRA", but do read on :evilgrin:

http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=/www/story/07-31-2009/0005069738&EDATE=

Restaurant Industry Outlook Remained Uncertain in June as Restaurant Performance Index Declined for Second Consecutive Month


WASHINGTON, July 31 /PRNewswire-USNewswire/ -- The restaurant industry's economic challenges continued to persist in June, as the National Restaurant Association's comprehensive index of restaurant activity declined for the second consecutive month. The Association's Restaurant Performance Index (RPI) - a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry - stood at 97.8 in June, down 0.5 percent from May and its 20th consecutive month below 100.

"While there are signs that suggest an improvement may be on the horizon, the latest figures indicate that the restaurant industry's recovery has yet to gain a firm foothold," said Hudson Riehle, senior vice president of Research and Information Services for the Association. "Restaurant operators continued to report declines in same-store sales and customer traffic in June, and their outlook for sales growth in the months ahead remains mixed."The RPI is based on the responses to the National Restaurant Association's Restaurant Industry Tracking Survey, which is fielded monthly among restaurant operators nationwide on a variety of indicators including sales, traffic, labor and capital expenditures. The RPI consists of two components - the Current Situation Index and the Expectations Index. The full report is available online: www.restaurant.org/pdfs/research/index/200906.pdf.

The RPI is constructed so that the health of the restaurant industry is measured in relation to a steady-state level of 100. Index values above 100 indicate that key industry indicators are in a period of expansion, while index values below 100 represent a period of contraction for key industry indicators. The Current Situation Index, which measures current trends in four industry indicators (same-store sales, traffic, labor and capital expenditures), stood at 96.6 in June - down 0.3 percent from May and its lowest level in three months. In addition, June represented the 22nd consecutive month below 100, which signifies contraction in the current situation indicators.

Restaurant operators continue to report soft same-store sales, with June representing the 13th consecutive month of sales declines. Only 22 percent of restaurant operators reported a same-store sales gain between June 2008 and June 2009, down from 26 percent who reported a sales gain in May and the lowest reading in the seven-year history of the RPI. Sixty-one percent of operators reported a same-store sales decline in June, up slightly from 60 who reported negative sales in May.

Restaurant operators also reported negative customer traffic levels in June, marking the 22nd consecutive month of traffic declines. Nineteen percent of restaurant operators reported an increase in customer traffic between June 2008 and June 2009, down from 22 percent who reported similarly in May. Sixty percent of operators reported a traffic decline in June, compared to 59 percent reported lower traffic in May.

snip....

[dixiegrrrrl]

1. Damn..I thought you meant the other NRA.

[teranchala]

2. The other one is doing very well.

:D

[-..__...]

4. We could be doing just a weee bit better...

and there's still work to be done, but we're getting there. B-)

[SoCalDem]

3. I know.. shame on me

but the fact that restaurant-going is down, is probably a big reason for a lot of the unemployment, since many places have an OVER-supply of franchise restaurants.

the places we go, we used to always have to give out name and then wait,,now they open the door for us, and swoon over us like we were long-lost royalty..and can pick the table we want.. great for us..not so good for them