Tuesday, August 28, 2012

Restaurant outlook dampens - The Business Journal of Milwaukee:

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A total of 60 percentt of operators saw lower May sales compared to ayear ago, whil e 26 percent said salesw were up. The association also says restaurant operator reported negative customer traffic levelsin May, the 21st consecutivee month of traffic "Despite the softer sales outlook, restaurant operators remaine d relatively optimistic that the economy will improve in the months the Association said.
"Thirty-four percent of restaurant operatora said they expect economic condition s to improve insix months, down slightl y from 37 percent who reported similarly last After reaching a 10 monthg high last month, the group says restaurant operatorzs have scaled back plans for capital expenditure s in the coming months, with 41 percentr planning to spend money on remodeling or equipment, down from 46 percent last month.

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