News

Q1 same stores sales up 4% from 2014

Technomic tracked data from more than 100 national public and private chains with quarterly sales of more than $40 billion.

June 17, 2015

Technomic's Financial Dashboard has discovered that restaurant chains' same-store sales increased at a rate of 4 percent in the first quarter, compared to 0.8 percent a year earlier, the company announced. The data came from more than 100 national public and private chains with quarterly sales of more than $40 billion. 

"Economic indicators continue to improve with unemployment rates now below pre-recession levels," said Darren Tristano, executive vice president at Technomic. "With lower gas prices, improvement in the economy has increased disposable personal income levels for many American consumers in the lower- and middle-income groups. This has granted many Americans the discretionary income to increase their visits to family-style restaurants, which provide good family-dining occasions with hearty, yet affordable meals.  As a result, the full-service family-dining segment in the industry bounced back in the recent year providing better-than-expected sales growth and improvement."

Additional dashboard data include the following:

• Midscale restaurants' same-store sales outperformed all restaurant segments, growing 5.8 percent in the first quarter.
• Fast casual, same-store sales registered a first quarter increase of 5.3 percent, down from an 8.2 percent growth rate in the fourth quarter of 2014.
• All industry segments posted a significant increase in same-store sales compared to the same period a year earlier.

Technomic's Financial Dashboard provides up-to-date industry information and historical company financial-health data, according to a press release on the study. The dashboard enables users to analyze foodservice and commodity data and graph key performance indicators to understand the financial landscape.