Thursday, October 09, 2008

More Food At Home, Less Dining Out

Link.
Link. (HT: Rolf Penner)

Restaurant industry performance remained soft in August, as the National Restaurant Association's comprehensive index of restaurant activity stood below 100 for the tenth 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 98.3 in August, up 0.1% from its July level.

The recent lack of change in the Restaurant Performance Index reflects the wait-and-see sentiment in the financial markets and overall economy. Restaurant operators reported negative same-store sales for the eighth time in the last 10 months, and their outlook for sales growth in the months ahead remains uncertain. A record 31% of restaurant operators said the economy is the number-one challenge facing their business, while 22% identified food costs as their top challenge.

4 Comments:

At 10/09/2008 8:06 AM, Anonymous Fred said...

More cookbooks at home, more fancy (or just good) cooking utensils at home...

Skate to where the puck is going.

 
At 10/09/2008 9:26 AM, Anonymous Anonymous said...

I want to see a graph of sales at bars and of alcohol during an economic downturn.

 
At 10/09/2008 11:55 AM, Anonymous qt said...

Well, anon., by all means post one. This is now a self-service blog! :D

Given the heavy fat content, missing a few restaurant meals might not be such a bad idea. To say nothing of the food safety issues.&ice=th%7Cvid_tout%7C2

 
At 10/09/2008 4:09 PM, Blogger spencer said...

But on the other hand the S&P 500 index of restaurants stocks is one of the best performing industries in the market. The restaurants stocks relative performance index has gone from 100 at year end to 124 at the end of October.

 

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