Same-store sales declines worsened in July and August versus the prior three months. July restaurant survey data indicated a -2.8% decline in same-store sales (SSS) and a -4.7% decline in traffic, while August results showed a -2.0% decline in SSS and -3.9% decline in traffic. August results officially marked 15 out of the past 16 months with negative SSS and traffic results industrywide. Quick service and specialty casual were the best performing segments of the month, primarily driven through growth in average checks and total sales.
Read the report for more detail on industry trends, market indices, public market performance and deal activity.
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Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage.
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