APT Index: August Restaurant Sales Up 1.6% – West Coast Cities Are Top Performers
WASHINGTON, D.C. (PRWEB) September 14, 2015 -- Applied Predictive Technologies (APT) announced today that the APT Index of restaurant sales increased 1.6% nationwide in August 2015 compared to August of last year. The increase was driven by an increase in check size. Quick-service restaurants continued to outperform full-service restaurants, at 3.7% and 0.4%, respectively.
“Month after month, we’re seeing a set of common trends in restaurant sales,” said Patrick O’Reilly, APT President & COO. “These trends include positive growth overall, with strong performance specifically on the West Coast. This growth continues to be driven by larger checks, which we think is partly a result of restaurants increasing prices to cover more expensive labor and commodity costs.”
The APT Index aggregates in-store sales data at over 100,000 chain stores and restaurants across the U.S. to show how year-over-year sales performance changes.
August Restaurant Sales – by APT Index numbers:
Overall Restaurants:
• Sales: +1.6%
• Checks: -1.0%
• Check size: +2.6%
Quick-Service Restaurants:
• Sales: +3.7%
• Checks: +1.1%
• Check size: +2.6%
Full-Service Restaurants:
• Sales: +0.4%
• Checks: -2.2%
• Check size: +2.6%
Top Performing Metro Areas in August by APT Index Restaurant Sales Comps*
• Riverside, CA: +4.8%
• Seattle, WA: +4.7%
• Los Angeles, CA: +3.3%
• San Francisco, CA: +3.2%
• San Diego, CA: +3.1%
Bottom Performing Metro Areas in August by APT Index Restaurant Sales Comps*
• Detroit, MI: -2.1%
• Pittsburgh, PA: -2.0%
• Boston, MA: -1.9%
• Houston, TX: -1.1%
• Philadelphia, PA: -0.8%
For more information, visit: http://www.predictivetechnologies.com.
*Cities chosen from the top 25 metro areas as defined by the Core Based Statistical Area (CBSA) from the U.S. Census.
All August sales comps are a comparison of August 2015 to August 2014 for the physical channel, adjusted to compare consistent weekdays (8/1/2015-8/31/2015 compared to 8/2/2014-9/1/2014).
About APT
APT is a leading cloud-based analytics software company that enables organizations to rapidly and precisely measure cause-and-effect relationships between business initiatives and outcomes to generate economic value. Our intuitive and proprietary Test & Learn® software utilizes sophisticated algorithms to analyze large amounts of data, enabling business leaders to conduct experiments and allowing them to make optimal decisions and implement business initiatives at scale. We also offer products that support decision-making for specific business needs including transaction analysis, space planning, promotion design, category management and location selection. APT’s client portfolio features some of the world’s best known brands, including Walmart, Starbucks, Coca-Cola, Victoria’s Secret, American Family, Hilton Hotels, SUBWAY, TD Bank, T-Mobile, and others. APT has offices in Washington, D.C., San Francisco, London, Bentonville, Taipei, Tokyo, Sydney, and Chicago. Visit http://www.predictivetechnologies.com to learn more.
Cathy Baker, Applied Predictive Technologies, http://www.predictivetechnologies.com, +1 703.875.7748, [email protected]
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