Restaurant Comps Set Records In December

“The restaurant industry’s monthly same-store sales growth rate rose at an all-time-high in December, fueled by sharp gains in guest traffic and cooperative weather, according to the latest NRN-MillerPulse survey,” reports NRN.com.

“Industrywide same-store sales rose 5.4 percent in December, compared with a 2.9-percent increase the month prior, which is the largest increase in the survey’s history. The month capped off a relatively strong 2011 that saw same-store sales up 2.6 percent overall, leaving operators and analysts pleasantly surprised. ‘December was a win across the board,’ said Larry Miller, restaurant securities analyst at RBC Capital Markets in Atlanta and creator of the monthly MillerPulse surveys and research. ‘This could be the first sign of the rising tide that we’ve been waiting to see.’”

Read more: http://nrn.com/article/survey-restaurant-comps-set-records-december#ixzz1kODgyl1H