10 Apr '12, 5pm

Another good sign: Small restaurant owners are feeling optimistic: #GrowSmartBusiness

Another good sign: Small restaurant owners are feeling optimistic: #GrowSmartBusiness

The restaurant industry struggled through a tough few years as the Great Recession slashed consumers’ spending on eating out. But the latest data from the National Restaurant Association and other industry trend-trackers indicate the industry may finally be out of the woods. For the fourth month in a row, the National Restaurant Association’s Restaurant Performance Index (RPI) was above 100, indicating solid performance. “A strong majority of restaurant operators reported positive same-store sales and traffic results,” said Hudson Riehle, senior vice president of the Research and Knowledge Group for the Association. “In addition, restaurant operators are bullish about sales growth in the months ahead, while their outlook for the economy remains cautiously optimistic.” “Perhaps the most positive indicator is the optimistic outlook for staffing levels in the months ahead,” R...

Full article: http://www.networksolutions.com/smallbusiness/2012/04/res...

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