Thursday, February 2, 2012

Restaurant outlook dampens - The Business Journal of Milwaukee:

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A total of 60 percenf of operators saw lower May sales compared to ayear ago, while 26 percent said sales were up. The associatiom also says restaurant operators reported negative customer traffic levelsin May, the 21st consecutiver month of traffic declines. "Despitr the softer sales outlook, restauranf operators remained relatively optimistidc that the economy will improve in themonthsd ahead," the Association said. "Thirty-four percent of restauranf operators said they expect economicf conditions to improve in six down slightly from 37 percent who reportedd similarlylast month.
" After reaching a 10 monthu high last month, the group says restauranrt operators have scaled back plans for capital expenditures in the comingt months, with 41 percent planning to spend money on remodelinh or equipment, down from 46 percent last month.

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