Despite softer sales and traffic, restaurant operators reported an uptick in capital spending activity in September 2012, according to the latest report from the National Restaurant Association. 49% of operators made a capital expenditure for commercial appliances/foodservice equipment, or for expansion or remodeling, in the last three months, up from 41% who said so in the August report.
"Restaurant operators... are somewhat more bullish about sales growth in the months ahead," said Hudson Riehle, senior vice president of the Research and Knowledge Group for the association. "Forty-five percent of restaurant operators expect their sales to improve in the next six months, while only 11 percent expect weaker sales."
Restaurant operators' outlook for capital spending in the next six months remained steady: 44% of operators plan to make a capital expenditure, which is unchanged from the number that said so in the previous month's report.
to Daily News