The Counter: How Did Your Restaurant Fare?
Each quarter, we analyze operating results of publicly traded restaurants to reveal timely benchmarking information for the industry. The Q3 2016 edition of BDO’s The Counter
is now live and available for download.
Restaurant same-store sales saw a slight deceleration through Q3 2016, marked by the widening price gap between grocery stores and restaurants, cautious consumer sentiment and confidence, and uncertainty surrounding labor regulations. But despite this slowdown, it’s not all bad news for the industry. Pizza and QSR segments experienced same-store sales increases of 4.7 percent and 1.0 percent, respectively.
During the first three quarters of the year, restaurants benefitted from cost of sales declines, buoyed by lower-priced commodities. Similar to the first half of 2016, higher beef supplies drove down costs by over 15 percent, accompanied by chicken, which dropped by more than 4 percent, as well.
Rounding out 2016, should consumers continue getting their groove back post-election and remain in good holiday spirits, the restaurant industry may see strong results to close out the year.
For more insights and to see the full report, click here
. And be sure to follow @BDORestaurant
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