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Technomic Cites Improved Chain Restaurant Sales in September.

Business Editors/Food Writers

CHICAGO--(BUSINESS WIRE)--Oct. 21, 2003

September 2003 same-store sales for the major U.S. restaurant chains tracked by foodservice consultancy Technomic, Inc. had their second best month this year, achieving overall composite growth of 2.8% when compared to September 2002. By major restaurant segment, the results were as follows:

Quick Service Restaurants: Up 5%. Results were negative through March; September's rate was up over the 4.4% recorded in August.

Casual Dining: Up 2.3%. September was the second best month all year, but down from the 5.2% increase recorded in August.

Technomic has forecasted growth for the total restaurant industry in 2003 to reach 2.9%. Additional same-store sales data and other food industry facts can be found at www.technomic.com/ind_facts.html. For other related information, please contact Chris Urban at Technomic, Inc., at 312-876-0004, ext. 229, or curban@technomic.com.

It is important to note that these same-store sales results are based on publicly-reported data from all chains who report monthly. In total, their 2002 September sales were in excess of $64 billion, or about 25% of the industry.
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Publication:Business Wire
Geographic Code:1USA
Date:Oct 21, 2003
Words:191
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