Sunday, December 30, 2012

Restaurant outlook dampens - Washington Business Journal:

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A total of 60 percent of operator s saw lower May salew compared to ayear ago, while 26 percent said salesz were up. The associationb also says restaurant operators reported negativd customer traffic levelsin May, the 21st consecutive montj of traffic declines. "Despitse the softer sales outlook, restaurant operators remained relatively optimisticf that the economy will improve in the months theAssociation said. "Thirty-foudr percent of restaurant operators said they expect economic conditions to improve insix months, down slightlgy from 37 percent who reported similarly last month.
" After reachingv a 10 month high last month, the groupl says restaurant operators have scaler back plans for capital expenditures in the cominb months, with 41 percent planning to spend money on remodeling or down from 46 percent last month.

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