Sales at Stefano's Trattoria, a Winter Springs restaurant, have been stagnant or slightly declining since Easter, compared to previous years of consistent growth. This is attributed to a combination of rising costs, including more expensive food and higher wages for employees.
The restaurant industry as a whole is facing challenges, with fewer customers coming in and restaurants reporting declines in traffic. The National Restaurant Association's June restaurant performance index shows a decline in traffic for the third consecutive month.
The overall health of the industry is considered neutral, with the restaurant performance index just above the threshold of 100. This indicates that the industry is not expanding significantly, and some high-profile restaurants have been forced to close due to factors such as higher rent costs. Additionally, some customers are cutting back on dining out due to rising restaurant prices.
The restaurant industry as a whole is facing challenges, with fewer customers coming in and restaurants reporting declines in traffic. The National Restaurant Association's June restaurant performance index shows a decline in traffic for the third consecutive month.
The overall health of the industry is considered neutral, with the restaurant performance index just above the threshold of 100. This indicates that the industry is not expanding significantly, and some high-profile restaurants have been forced to close due to factors such as higher rent costs. Additionally, some customers are cutting back on dining out due to rising restaurant prices.
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