Restaurant Industry Hits Worst Slide Since July

December 9, 2016

Exclusive Brief: 

At negative 1.3 percent, disappointing restaurant sales growth in November was the ninth consecutive month of negative same-store sales; and the worst sales growth since July. Despite the economy growing at the fastest pace in two years during the second quarter, this growth did not translate into incremental sales for the industry. Same-store sales for third and fourth quarters, at the end of November, are both down 1.1 percent.