The US National Restaurant Association’s (NRA) Restaurant Performance Index (RPI) was stable in June, although operators seem to have tempered their expectations for the future.
Assisted by stronger same-store sales and customer traffic levels, the RPI stood at 101.4 in June, up 0.8 points year-on-year and unchanged from May’s level.
June represented the eighth consecutive month that the RPI registered above 100 points, signifying expansion in the index of key industry indicators.
The RPI consists of two components – the Current Situation Index (measuring current trends) and the Expectations Index (measuring restaurant operators’ six-month outlook) – and tracks the health of and outlook for the US restaurant industry.
In July, US restaurant operators reported positive same-store sales for the 13th consecutive month.
About 61% of restaurant operators reported a same-store sales gain in June compared with the same time last year, unchanged from the proportion registered in May.
Meanwhile, about 24% of operators indicated lower same-store sales in June, down from 28% of respondents in May.
US restaurant operators also reported increased customer traffic levels in June, with 50% of respondents noting higher year-on-year customer traffic levels during the month, up from 42% in May.
In comparison, 29% of US restaurant operators reported lower customer traffic levels in June, down from 39% in May.
The expectations index stood at 101.3 in June, down 0.7% from May and the third consecutive monthly decline.
Although June marked the 10th consecutive month that the Expectations Index stood above 100, it also represented the weakest level in seven months.
Despite this, the expectation index remained above the corresponding period of June 2011, at 100.6 points.
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