WASHINGTON, D.C. — The National Restaurant Association’s Restaurant Performance Index (RPI) showed a positive outlook, with the index exceeding 100 for the fourth consecutive month in February.
The RPI, which measures the health and outlook for the U.S. restaurant industry — with values above 100 showing key industry indicators are in a period of expansion — stood at 101.9, up from 101.3 in January.
“Buoyed by continued gains in national employment and an extra day in February, as a result of Leap Year, a solid majority of restaurant operators reported positive same-store sales and traffic results,” said Hudson Riehle, senior vice-president of the Research and Knowledge Group for the Association.
Operators reported increased spending for equipment or expansion over the last three months, with 47 per cent making a capital expenditure, up from 42 per cent. The Index also showed optimism about the direction of the overall economy, as 35 per cent of restaurant operators said they expect economic conditions to improve in six months, down slightly from 37 per cent last month.
For the full report, visit restaurant.org.
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