Avero Index November 2018
This August saw strong YOY restaurant sales across the country compared to last August, with a 0.6% increase in gross sales nationwide. The South Central portion of the country saw the greatest improvement with an increase of 7% in gross sales.
Avero's NYC Restaurant Education Experience tour scholarship winners with their mentors.
Across the country and across different service types, restaurants had a lower sales month this July compared to July 2017. The most obvious factor in the decline is that there were only four Saturdays in the month this year, versus the five.
Warm weather, school breaks, and summer vacations all spell higher sales for low average ticket restaurants like quick serve hot dog and ice cream stands. The Avero Index reveals that restaurants with an average ticket under $25 saw an increase.
Last week, we predicted a minimum 10 percent increase in restaurant sales and traffic on Father’s Day Sunday compared to other Sundays in June. We chose that number based on the average increase in previous years which fell between 7 and 15.
Restaurants across the country are preparing for Father’s Day this Sunday and for good reason. Holidays generally offer restaurants an opportunity to boost sales and traffic compared to normal days but it’s not always clear how much of an.
The Avero Index tracks year-over-year same-store sales performance of restaurants representing different cuisines, venue types, and average checks, nationally and in several specific markets.