Are Restaurants Signalling Recession? Same Store Sales At Same Level As Just Before The Great Recession

According to the National Restaurant Association’s Restaurant Performance Index, same stores sales are about at the same level as just before The Great Recession.

restsame

While the CRB foodstuffs spot price index is about where it was just before The Great Recession, foodstuff spot prices have fallen quite a bit since 2011, causing households to choose cooking at home rather than dining out.

foodstuff

Is this a signal of a coming recession? Or that fact that households are trying to eat healthier? I am betting on the former.

Given the problems with traditional anchor chains in malls (like Macy’s, Sears, JC Penney’s, etc.), shopping mall and CMBS investors had better hope that mall restaurant chains don’t show the same pattern of declining same store sales.

s05e13

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s