Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Commercial Foodservice Equipment Spending Holds Steady as Restaurant Performance Index Rises
Jan 2, 2012
 Printable format
 Email this Article
 Search

Positive same-store sales and a more optimistic outlook among restaurant operators helped push the Restaurant Performance Index (RPI) to a five-month high in November 2011, according to the National Restaurant Association. This optimism is helping hold steady current capital spending and future plans for capital spending on new commercial appliances, as well as remodeling and expansion.

The RPI was 100.6 in November, up 0.6% from October and the second month out of the last three months that the RPI was above 100, signifying expansion in key index indicators.

“The November increase in the Restaurant Performance Index was fueled by broad-based gains in both the current situation and forward-looking indicators,” said Hudson Riehle, senior vice president of the Research and Knowledge Group for the association. “Restaurant operators reported their strongest net positive same-store sales results in more than four years, while customer traffic levels also grew in November.”

The Current Situation Index – measuring current trends same-store sales, traffic, labor, and capital expenditures) – was 100.2 in November, up 0.8% from 99.5 in October.

Restaurant operators reported positive same-store sales for the sixth consecutive month in November. Operators also reported better customer traffic.

In November 46% of operators said they made a capital expenditure for equipment, expansion, or remodeling during the last three months - the highest level in five months.

The Expectations Index – measuring operators’ six-month outlook for same-store sales, employees, capital expenditures and business conditions – was 100.9 in November, up 0.4% from October and the third consecutive monthly gain.

Operators showed more optimism about sales growth in the months ahead and are "somewhat more bullish" about the overall economy in the coming months.

Operators’ outlook for capital spending in the next six months remains positive. 47% of operators plan to make a capital expenditure for equipment, expansion, or remodeling, essentially unchanged from the levels reported in the previous two months.

Back to Daily News

 

Daily News

...........................................................

Jul 31, 2014: LG Home Appliance, LG Air Conditioning See Lower Quarterly Sales

Jul 31, 2014: AHAM Canada New Chair is Doell of Samsung Electronics Canada

Jul 29, 2014: Jarden Reports Record Net Sales in 2Q

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows