US Consumers No Longer “Eating Out” – Restaurant Guest Counts Tumble To Three Year Lows
by Tyler Durden
ZeroHedge.com
Jul 11, 2016
Knapp-Track casual dining same store sales for the month of June were down 2.3% with guest counts down 4.8%. These results compare against same store sales that were up 1.5% and guest counts that were down 1.1% in June 2015. Sales and guest counts in June were the weakest since January 2014 (more than two years) and February 2013 (more than three years), respectively. On a two-year basis, same store sales were down 0.8% with guest counts down 5.9%.
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