Consumer spending at restaurants and other businesses continued to improve in April, though the rates of growth in spending and guest traffic have abated slightly from the big increases seen in March, according to a new report by payment card processing firm First Data.
The restaurant sector posted one of retail’s slowest growth rates in same-store dollar volume, following sector like building materials or electronics. Restaurants posted strong growth in the number of same-store transactions, but a large decrease in average checks, the report showed.Consumer spending at restaurants and other businesses continued to improve in April, though the rates of growth in spending and guest traffic have abated slightly from the big increases seen in March, according to a new report by payment card processing firm First Data.
Consumer spending at restaurants and other businesses continued to improve in April, though the rates of growth in spending and guest traffic have abated slightly from the big increases seen in March, according to a new report by payment card processing firm First Data.
According to payment card processing firm First Data, same-store dollar volume growth across all industries in the United States totaled 10.2 percent for the month of April, or 8.8 percent excluding sales at gas stations. In March, same-store dollar volume had grown 11.5 percent, or 10.2 percent excluding gas stations.Consumer spending at restaurants and other businesses continued to improve in April, though the rates of growth in spending and guest traffic have abated slightly from the big increases seen in March, according to a new report by payment card processing firm First Data.
Consumer spending at restaurants and other businesses continued to improve in April, though the rates of growth in spending and guest traffic have abated slightly from the big increases seen in March, according to a new report by payment card processing firm First Data.
EARLIER:Report: Consumer spending up in MarchConsumer spending at restaurants and other businesses continued to improve in April, though the rates of growth in spending and guest traffic have abated slightly from the big increases seen in March, according to a new report by payment card processing firm First Data.
Consumer spending at restaurants and other businesses continued to improve in April, though the rates of growth in spending and guest traffic have abated slightly from the big increases seen in March, according to a new report by payment card processing firm First Data.
Consumer spending at restaurants and other businesses continued to improve in April, though the rates of growth in spending and guest traffic have abated slightly from the big increases seen in March, according to a new report by payment card processing firm First Data.
The Atlanta-based firm’s “April 2010 SpendTrend” report also found that same-store transactions grew for the month by 9 percent, or 8.4 percent excluding gas station visits, also down slightly from March, when same-store transactions had risen 10.1 percent, or 9.8 percent excluding gas stations.Consumer spending at restaurants and other businesses continued to improve in April, though the rates of growth in spending and guest traffic have abated slightly from the big increases seen in March, according to a new report by payment card processing firm First Data.
Consumer spending at restaurants and other businesses continued to improve in April, though the rates of growth in spending and guest traffic have abated slightly from the big increases seen in March, according to a new report by payment card processing firm First Data.
The SpendTrend report is based on consumer spending data First Data tracks from credit and debit cards at U.S. merchant locations that use the company’s processing systems.Consumer spending at restaurants and other businesses continued to improve in April, though the rates of growth in spending and guest traffic have abated slightly from the big increases seen in March, according to a new report by payment card processing firm First Data.
Consumer spending at restaurants and other businesses continued to improve in April, though the rates of growth in spending and guest traffic have abated slightly from the big increases seen in March, according to a new report by payment card processing firm First Data.
Restaurants once again had one of the lowest rates of growth in same-store dollar volume, with a 5-percent increase in April, lagging behind leading retail sectors like building materials and garden supplies, which grew 13 percent for the month, or electronics, which had a 14.7-percent increase. Same-store dollar volumes soared 38.1 percent at gasoline stations, First Data found, due mostly to the fact that gas is averaging 80 cents more per gallon in April 2010 than in April 2009.Consumer spending at restaurants and other businesses continued to improve in April, though the rates of growth in spending and guest traffic have abated slightly from the big increases seen in March, according to a new report by payment card processing firm First Data.
Consumer spending at restaurants and other businesses continued to improve in April, though the rates of growth in spending and guest traffic have abated slightly from the big increases seen in March, according to a new report by payment card processing firm First Data.
Foodservice’s sales growth in April still outpaced similar figures for the segment throughout last year, when same-store dollar volume grew from 0.9 percent in the first quarter to a high of just 2 percent in the fourth quarter.Consumer spending at restaurants and other businesses continued to improve in April, though the rates of growth in spending and guest traffic have abated slightly from the big increases seen in March, according to a new report by payment card processing firm First Data.
Consumer spending at restaurants and other businesses continued to improve in April, though the rates of growth in spending and guest traffic have abated slightly from the big increases seen in March, according to a new report by payment card processing firm First Data.
Restaurants also had a 9.8-percent growth in same-store transactions, which was slightly better than the nationwide average of 9-percent growth across all industries. Only gas stations, at 13.8 percent, and services, at 13.1 percent, had higher rates of same-store transaction growth in April.Consumer spending at restaurants and other businesses continued to improve in April, though the rates of growth in spending and guest traffic have abated slightly from the big increases seen in March, according to a new report by payment card processing firm First Data.
Consumer spending at restaurants and other businesses continued to improve in April, though the rates of growth in spending and guest traffic have abated slightly from the big increases seen in March, according to a new report by payment card processing firm First Data.
Yet, restaurants had the worst decrease in average check for the month of April, down 4.3 percent compared with a year earlier. Nationwide, the average check across all industries inched up 1.1 percent. Excluding average checks at gas stations, the increase would have been 0.4 percent.Consumer spending at restaurants and other businesses continued to improve in April, though the rates of growth in spending and guest traffic have abated slightly from the big increases seen in March, according to a new report by payment card processing firm First Data.
Consumer spending at restaurants and other businesses continued to improve in April, though the rates of growth in spending and guest traffic have abated slightly from the big increases seen in March, according to a new report by payment card processing firm First Data.
Recent restaurant companies to report same-store sales gains included longtime steady performers like Panera Bread and Buffalo Wild Wings, as well as higher-end casual and steakhouse operators like Morton’s Restaurant Group and Texas Roadhouse, both of which recorded their first quarterly comps increases in more than two years. Domino’s Pizza and Caribou Coffee also had strong first quarters, recording domestic same-store sales gains of 14.3 percent and 5.2 percent, respectively, thanks in part to a brand new pizza recipe at Domino’s and a rebranding at Caribou.Consumer spending at restaurants and other businesses continued to improve in April, though the rates of growth in spending and guest traffic have abated slightly from the big increases seen in March, according to a new report by payment card processing firm First Data.
Consumer spending at restaurants and other businesses continued to improve in April, though the rates of growth in spending and guest traffic have abated slightly from the big increases seen in March, according to a new report by payment card processing firm First Data.
First Data reportedly services more than 5 million merchant locations, more than 2,000 credit and debit card issuers, and several million consumers worldwide with its card payment processing systems.Consumer spending at restaurants and other businesses continued to improve in April, though the rates of growth in spending and guest traffic have abated slightly from the big increases seen in March, according to a new report by payment card processing firm First Data.
Consumer spending at restaurants and other businesses continued to improve in April, though the rates of growth in spending and guest traffic have abated slightly from the big increases seen in March, according to a new report by payment card processing firm First Data.
Contact Mark Brandau at [email protected].Consumer spending at restaurants and other businesses continued to improve in April, though the rates of growth in spending and guest traffic have abated slightly from the big increases seen in March, according to a new report by payment card processing firm First Data.
Consumer spending at restaurants and other businesses continued to improve in April, though the rates of growth in spending and guest traffic have abated slightly from the big increases seen in March, according to a new report by payment card processing firm First Data.
