Industry

Restaurant Performance Index closes Q1 at post-recession high

By Annika Stensson April 30, 2012
NRA
Driven by solid same-store sales and traffic results and an increasingly bullish outlook among restaurant operators, the National Restaurant Association's Restaurant Performance Index (RPI) matched its post-recession high in March.

The RPI stood at 102.2 in March, up 0.3 percent from February and equaling its post-recession high that was previously reached in December 2011. In addition, the RPI stood above 100 for the fifth consecutive month in March, which signifies expansion in the index of key industry indicators.

"The first quarter finished strong with a solid majority of restaurant operators reporting higher same-store sales and customer traffic levels in March," said Hudson Riehle, senior vice president of the Research and Knowledge Group for the Association. "In addition, restaurant operators are solidly optimistic about sales growth and the economy in the months ahead, which propelled the Expectations component of the RPI to its highest level in 15 months."