Restaurant Sales and Traffic Growth Continue to Decline

Restaurant Intelligence as of October 28th:

Restaurant sales experienced a notable decline in September 2023, with a dip in same-store sales growth and traffic. As inflation continues to shape the industry, focusing on hospitality becomes a key strategy to enhance the dining experience.

Here are a few takeaways:

• Same-store sales growth during the month fell to 0.6%, down from 1.5% in August and a much stronger 2.8% in July.
• Same-store traffic growth was -3.3% during the month, down 0.5 percentage points relative to August’s growth rate.
• Average check growth YoY was slightly above 4.0% in September, while guests experienced check growth averaging 6.5% during the first half of 2023.
• Value net sentiment is down 7% in full service and 24% in limited service since 2019.

To get all the latest insights click here .

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Live Webinar | Team Roundtable: How Smalls Sliders Tackles Fast-Growth Challenges with Big Business Mentality

November 2 | 1 p.m. CST

In this 45-min exclusive interview, the Smalls Squad leadership team will share their learnings on:

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Live Webinar| Turning Customers into Raving Fans: Lessons from Cult Fast Casual & QSR Brands

November 14 | 1 p.m. CST

Hear from experts at Whataburger, Shipley's Donuts, and Portillo's to discover the secrets behind creating a highly successful cult brand in the fast-paced world of fast casual and quick-service restaurants.

• How to drive consistency across the restaurant experience
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Featured Speakers:

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