Mortgage woes suppress traffic at casual-dining restaurants

Mortgage woes suppress traffic at casual-dining restaurants

The midweek Fourth of July holiday and the subprime mortgage crisis dealt a blow to guest traffic at casual dinnerhouses in July, but operators still were expected to post better results than they had the year earlier.

Estimated same-store sales for July were up 0.5 percent — only the second time those figures have been up in 2007 and a vast improvement from July 2006, when same-store sales made their biggest drop for the year, down 2.6 percent. Meanwhile, estimated comparable guest cou

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