Restaurant traffic continued to fall in October

Restaurant traffic continued to fall in October

Recent earnings reports from Red Robin Gourmet Burgers (RRGB) and DineEquity (DIN), parent of IHOP and Applebee’s, showed continued same-store sales declines, which in our view reflects our Cash-Strapped Consumer investing theme. As these rear-view mirror results continue to come in, we’re focusing on more recent data that point to some improvement, but while some may […]

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Cash-strapped Consumers vote with their feet on higher restaurant vs. grocery prices

Cash-strapped Consumers vote with their feet on higher restaurant vs. grocery prices

Rising restaurant prices vs. falling grocery prices certainly help explain the continued drop in restaurant traffic as Cash-strapped Consumers flock to grocery stores and eat more at home. Facing higher minimum wages, overtime rules and potentially the end of the tip wage come the 2016 presidential election, it looks like the restaurant labor cost pain is […]

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