We talk quite a bit about the minimum wage and what the impact is of mandating regular increases to the minimum. Well, a study that Harri, the workplace management software company that works closely with restaurants, released a week or so ago underscores the direct impact. Of the 173 restaurants surveyed, 71 percent planned to…
Read More »While the impact of Hurricanes Harvey and Irma was clearly evident in Texas and Florida, September US restaurant QSR sales improved a bit versus the trend. In the tracker (some DD units included), monthly US comp sales were up .3%, with average ticket up plus 2.3% and traffic down 2.0%. Sales improved the last two…
Read More »DDIFO Restaurant Analyst John Gordon had the opportunity to attend the recent conference and provides us with some of his observations, going beyond the headlines and the spin from earnings calls. Overall, restaurant market share has been stagnant for years, but: Restaurant sales are flat-to-up marginally but traffic is still down from the 2007 pre-recession…
Read More »