NRA’s Restaurant Performance Index Rebounds

Good news for operators and those who sell to them. After the sharp drop of 1.8 points in April, the NRA’s Restaurant Performance Index gained back 1.5 points in May, ending at a healthy 101.6.

And after April saw half of the index’s eight components in contraction, all were improved in May and standing in positive territory. Strong gains in current same-store sales, traffic and capital spending drove the four-component Current Situation Index 1.8 points higher to 101.5 in May while the Expectations Index rose 1.1 points to 101.7.

More good news on capital spending, too. Both indicators tracking cap-ex outlays rose in May. Operators’ cap-ex spending during the past three months rose 1.5 points, as 61% of those responding said they made a buy. It was the highest percentage in six months. The marker tracking cap-ex spending over the next six months rose 0.3 point, with 56% of operators expecting to spend for equipment, expansion or remodeling.

- Advertisement -

- Advertisement -

- Advertisement -

TRENDING NOW

RELATED CONTENT

Culver’s CEO Announces Plans to Retire

Culver’s CEO and president Joe Koss Will retire at the end of 2020, the burger chain announced today. Koss has been with the Prairie Du Sac, Wis. -chain for 23…

Read More...
Wood Stone Headquarters Bellingham Wa.

Wood Stone Expands Leadership Roles, Welcomes New VP and Manufacturers’ Rep

Bellingham, Wash.-based Wood Stone Corporation announced changes to its leadership team as well as new representation in four states this week. The changes include roles for both Michael Quinn, vice…

Read More...

Follett Selects Michael Raycher as New EVP of Sales

Longtime employee worked his way up from regional sales manager.

Read More...