Restaurant Finance Watch: Positive August sales bode well for industry

Restaurant Finance Watch: Positive August sales bode well for industry

NRN editor and restaurant finance expert Jennings breaks down what you should be watching in the industry this week. Connect with her on the latest finance trends and news at @livetodineout and [email protected] RELATED: • Report: Restaurant sales rose, traffic slid in August • Report: Restaurant same-store sales up 2.9% in August • More restaurant finance news

Accelerating same-store sales among restaurant chains in August bode well for improving trends in September, according to a Wall Street analyst’s report out Tuesday.

David Tarantino of Baird Equity Research issued a report on restaurant chain surveys that indicated August comparable sales improved over July. The survey participants included 37 private restaurant chains in the U.S. and franchisees of some public chains, with aggregated annualized revenue of about $6 m

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