May restaurant survey data indicated a -1.1% decline in same-store sales and a -3.0% decline in traffic. Although industry same-store sales have remained negative for 13 out of the past 14 months, May results reflected a marginal improvement in traffic from April's results.
The demand for expediency and convenience has impacted nearly all forms of the consumer sector in recent years, and the restaurant industry has found itself right in the middle of this seismic shift in preferences. Delivery orders in particular have become the fastest growing trend in the restaurant industry. Read the report for more detail on industry trends, market indices, public market performance and deal activity.
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