The Association's Restaurant Performance Index (RPI) stood at 100.8 in February, up 0.2% from its January level. In addition, the RPI remained above 100 for the 46th consecutive month, which represents expansion in the Association's composite index of eight key industry indicators.
"Restaurant operators remain optimistic about their sales prospects as well as the direction of the overall economy, which sets the stage for continued industry growth in the second half of 2007," said Hudson Riehle, senior vice president of Research and Information Services. "Although the RPI's current situation indicators remained soft against the backdrop of a strong performance in the first quarter of 2006, the Expectations Index continued to improve."
The Current Situation Index, which measures current trends in four industry indicators (same-store sales, traffic, labor and capital expenditures), stood at 99.0 in February