Improvement, however, is slowing compared to most recent trend
Black Box Intelligence reported September industry comp(arable) sales were down just 8.1 percent from last year. Restaurants continue to recover, improving 4.1 percentage-points from where they were in August. Amid the COVID-19 health crisis, the average of comp sales decline for the last three months has been 3.7 percentage-points. Comp restaurant traffic dropped 14.6 percent.
As the month ended, the last week was only 0.2 percentage points better than the previous two-week average. Restaurant comp traffic improvement ticked up a bit more than comp sales. Comp sales were worst in California, the New York-New Jersey Region, New England and Florida. The Southeast, Southwest and Texas became the best-performing regions.
Limited-service restaurants have outperformed full-service restaurants. Within full-service, casual-dining has become the best-performing segment.
In the week following—the week ending October 9—comp sales improvement decelerated for the second week in a row. The fast-food segment has continued outperform and posted 22 consecutive months of positive comp sales growth. Fast casual has also been posting a strong performance; but even despite the improvement, notes Black Box, the segment continues to lose sales compared to 2019.
Photo credit: Louis Hansel (featured preview image)
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