Knapp Track Traffic is Collapsing; FL looking Ugly

05/19/23 09:28AM EDT

CASUAL DINING

Casual dining sales collapsed in April 2023, with SSS at 1.0% or (-2.7%) below March 2023 at 3.7%.  

Florida, in APRIL 2023, was notably weak and is estimated to have comparable restaurant sales of -0.3%, or -0.7 percentage points below the USA of 1.0% comparable restaurant sales, and only 1 of 5 weeks had positive comparable restaurant sales results, and 4 of 5 weeks had negative comparable restaurant sales results. Traffic In Florida for April 2023 had 0 of 5 weeks had positive comparable restaurant guest counts. The best week is week five at -6.6%, and the worst week for comparable restaurant guest counts is week two at -7.2%.

                     COMPARABLE SALES                  COMPARABLE GUEST COUNTS

USA                          1.0%                                            -6.1%         

CALIFORNIA            3.1%                                            -3.8%                   

TEXAS                      2.0%                                            -6.5%

FLORIDA                  -0.3%                                           -6.9%

Knapp Track Weekly Data

                                                 COMP SALES        COMP GUEST COUNTS

Week ending   APRIL 02              1.2%                        -5.8%

Week ending   APRIL 09             -1.3%                       -8.3%     

Week ending   APRIL 16              0.5%                       -6.1%

Week ending   APRIL 23              2.3%                       -5.2%

Week ending   APRIL 30              2.1%                       -5.3%

MONTH OF APRIL 2023              1.0%                       -6.1%

Knapp Track Traffic is Collapsing; FL looking Ugly   - 2023 05 19 8 32 41

Knapp Track Traffic is Collapsing; FL looking Ugly   - 2023 05 19 8 56 07

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