3 Top Restaurant Stocks to Buy in September
There's no doubt the restaurant world is in a bit of a slump, as same-store sales fell for the second consecutive month in August, dropping 0.7% after a 1% drop in July, according to industry data from TDn2k. Weighing on the sector is continued weakness in guest traffic, which continues to fall as it has all summer, tumbling 3.9% last month, which comes on top of a 4% decline the month before.
Yet the results are not as bad as they seem, as the industry was going up against some strong numbers from last year and has been able to make up for fewer customer visits by raising prices or offering more premium menu items. Although they used to use discounts to draw in diners, those haven't been quite as effective lately.
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Source Fool.com
