The Avero Index tracks year-over-year same-store sales performance of restaurants representing different cuisines, venue types, and average checks, nationally and in several specific markets.
January 2018 Highlights
2018 is off to a strong start for restaurant sales. Nationally, same-store sales this January were 1.3% greater than last year’s. This continues a four-month trend of increased year-over-year sales. This month also saw a 6.2% increase in hourly wage for restaurant workers while total hours worked went down by 5.2%.
Las Vegas had the strongest performance this January compared to the other cities examined in the Avero Index. Vegas restaurants had a 10.4% increase in sales compared to last January. This increase was largely due to a significant increase in weekday sales of 18.3%, even though weekend sales decreased by 5.1%. This large increase in weekday sales can be attributed to this year’s Consumer Electronics Show (CES) occurring from Tuesday to Friday, while last year’s show was Thursday through Sunday . Despite rains, floods, and power outages, this year’s show brought record-breaking crowds of almost 200,000 attendees into the city .
January 2018 was the first month in over a year to show decreased YOY sales in Washington DC. This is reflective of January 2017 seeing the greatest bump in sales for the capital during Trump’s inauguration and first month in office. Comparatively, this January did not have such great sales, but still overall had strong sales for the city.
In January, New York City also had an increase in same store restaurant sales of 1.1%. This month also continued a trend of worsened breakfast and lunch sales, down -2.5%, compared to strong dinner and late-night sales, up 0.8%.
Updated through January 31, 2018
This information is property of Avero LLC. It is confidential and it may not be reproduced, copied, published, transmitted or otherwise distributed, in whole or in part without the prior written authorization of Avero, LLC.
