Analyst looks at eight chains and ties gas prices to same-store sales results
Compared to other retail segments, restaurant sales in general are more deeply affected by increased gas prices, with casual-dining restaurants more vulnerable than lower-priced, quick-service competitors, according to an analysis released Monday by William Blair & Co. The report showed nearly all retail sales have an inverse relationship to gas prices, meaning when prices at the pump rise, retail sales will fall. The William Blair report used a +1 to -1 correlation scale, based on ...
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Contact: Desiree Torres Desiree.Torres@penton.com