The Avero Index is an indicator of year-over-year restaurant industry trends, specifically same-store sales performance. These trends encompass a group of restaurants representing different cuisines, venue types, and average checks, nationally and in the following markets: Atlanta, Chicago, Las Vegas, Los Angeles, New York, San Francisco, and Washington DC.
February 2017 highlights:
- On a national scale, Washington DC outperformed all other cities for the second month in a row with 3.29% year-over-year same store sales growth. Seems that the "Trump Effect" may not just be boosting the financial markets, but also keeping business high in restaurants around the Nation's capital.
- Los Angeles had the worst performance nationally this month with -6.20% year-over-year same store sales growth. February's heavy rains seem to have kept LA diners at home causing a significant decrease in restaurant sales.
- New York City restaurants had a strong growth with a 1.93% increase over last year. This growth is largely driven by strong weekday sales which increased 4.1% this month.
- Las Vegas had a drop in year-over-year same store sales (-3.90%) because of a significant decrease in breakfast and lunch sales (-9.1%).
Avero Index: National & Multi-City, February 2017
Avero Index: Atlanta, February 2017
Avero Index: Chicago, February 2017
Avero Index: Las Vegas (by Meal Period), February 2017
Avero Index: Los Angeles, February 2017
Avero Index: New York City (by Day of Week), February 2017
Avero Index: San Francisco, February 2017
Avero Index: Washington DC, February 2017
Updated through February 28, 2017
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