A clouded economic outlook drove consumer confidence down 5% in December and is likely to bring restaurant sales down with it, according to Kurt Salmon’s Restaurant Spending Trajectory.
“Despite strong sales gains in November, fiscal uncertainties will weigh on restaurant spending,” said restaurant strategist Todd Hooper. “The limited agreement reached in Washington and the ending of the payroll tax holiday will do little to rejuvenate consumers’ confidence and appetite for eating out. Restaurants should plan for a slow start in the new year.”
15 January 2013