September Casual Dining Trends – Plain Ugly

10/23/08 08:14AM EDT
Casual dining same-store sales declined 3.8% in September with traffic falling 6.5%. The casual dining industry has not experienced a traffic decline of this magnitude going back to 2000, and now this is the third consecutive month of 6%-plus declines. Looking at the chart below, I think Burt Vivian, president of P.F. Chang’s China Bistro, described it best yesterday, “In short, July and August were not pretty. September was just plain ugly.”

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.