With Customer Traffic Up, Restaurants Invest More in Commercial Appliances
By: Appliance July 10, 2014
Driven mainly by stronger sales and traffic levels, the National Restaurant Association's Restaurant Performance Index rose to its highest level in more than two years in May 2014. Among other things, restaurant operators continued the recent positive spending trends on commercial appliances.
Fifty-three percent of operators reported making a capital expenditure—for commercial appliances/foodservice equipment, expansion, or remodeling—in the last three months. That positive news is slightly down from April's expenditures of 56 percent.
Future capital spending also looks good, according to the report for the month of May 2014. For the ninth consecutive month a majority of restaurant operators were planning for capital expenditures in the months to come. In fact, 62 percent of restaurant operators plan to make a capital expenditure for equipment, expansion, or remodeling in the next six months, which is up from 60 percent in the previous month's report.