Lower-than-expected May same-store sales and concerns that competition and gas prices will worsen before they get better have operators bracing for a summer season that’s not so hot.
As disappointing late-spring same-store sales reports rolled in, reflecting difficult times across several segments, some operators disclosed plans to ramp up value menus. Many reduced profit projections. Casual-dining chains in particular remained locked in their prolonged slump.
“Early same-store s