Restaurants end 2016 on a sour note
2016 closed on a sour note as December showed the industry’s weakest same-store sales performance in over three years.
The 4.3-percent decline in same-store sales in December reduced fourth-quarter same-store sales results to a 2.4-percent decline, the worst quarter for restaurants in over five years.
This insight comes from data reported by TDn2K through The Restaurant Industry Snapshot, based on weekly sales from nearly 26,000 restaurant units and more than 130 brands representing $65 billion dollars in annual revenue.
“To put the second-half sales downturn into perspective, the only two quarters with comp sales worse than -1 percent during the