APT Index: November Restaurant Sales Up 1.1%, Driven by Larger Checks
Minneapolis, San Francisco, San Diego, Portland, and St. Louis Were the Best Performing Cities.
WASHINGTON, D.C. (PRWEB) December 11, 2015
Applied Predictive Technologies (APT) announced today that restaurant sales were up 1.1% in November of this year, compared to November 2014, according to the APT Index. Quick-service restaurant sales were up 2.9%, while full-service restaurant sales were up 0.7%.
Patrick O'Reilly, APT President & COO, said, "We're seeing many restaurants raising prices to offset increasing wage rates. We suspect these price increases are contributing to larger check sizes, which drove sales growth in November."
The APT Index aggregates in-store sales data at over 100,000 chain stores and restaurants across the U.S. to show how year-over-year sales performance changes.
November Restaurant Sales – by APT Index numbers:
- Sales: +1.1%
- Checks: -1.2%
- Check size: +2.3%
- Sales: +2.9%
- Checks: +0.4%
- Check size: +2.5%
- Sales: +0.7%
- Checks: -2.4%
- Check size: +3.1%
Top Performing Metro Areas in November by APT Index Restaurant Sales Comps*
- Minneapolis, MN: +5.6%
- San Francisco, CA: +3.9%
- San Diego, CA: +3.7%
- Portland, OR: +3.5%
- St. Louis, MO: +3.3%
Bottom Performing Metro Areas in November by APT Index Restaurant Sales Comps*
- Detroit, MI: -1.9%
- Houston, TX: -1.8%
- Washington, DC: -0.8%
- Tampa, FL: -0.5%
- Dallas, TX: -0.3%
Areas with Improving Economies Performed Better
Areas where unemployment decreased:
- Overall Restaurants: +1.8%
- Quick-Service Restaurants: +3.2%
- Full-Service Restaurants: +1.5%
Areas where unemployment increased:
- Overall Restaurants: +0.4%
- Quick-Service Restaurants: +2.5%
- Full-Service Restaurants: -0.1%
For more information, visit: http://www.predictivetechnologies.com.
*Top performing metro areas chosen from the top 25 metro areas as defined by the Core Based Statistical Area (CBSA) from the U.S. Census.
All November sales comps are a comparison of November 2015 to November 2014, adjusted to compare consistent days of the week (11/1/2015-11/30/2015 compared to 11/2/2014-12/1/2014).
APT is a leading cloud-based analytics software company that enables organizations to rapidly and precisely measure cause-and-effect relationships between business initiatives and outcomes to generate economic value. Our intuitive and proprietary Test & Learn® software utilizes sophisticated algorithms to analyze large amounts of data, enabling business leaders to conduct experiments and allowing them to make optimal decisions and implement business initiatives at scale. APT also offers products that support decision-making for specific business needs including transaction analysis, space planning, promotion design, category management and location selection. APT's client portfolio features some of the world's best known brands, including Walmart, Starbucks, Coca-Cola, Victoria's Secret, American Family, Hilton Worldwide, SUBWAY, TD Bank, T-Mobile, and others. APT has offices in Washington, D.C., San Francisco, London, Bentonville, Taipei, Tokyo, Sydney, and Chicago. Visit http://www.predictivetechnologies.com to learn more.
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