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Bob: good points.
But we've known for some time restaurants faced a comps cliff in December-February, compared to the surge of customers seen last year. Analytically, we have to migrate to 2 year and even 5 year comps views versus the limited view of a simple year to year movement.
Restaurant sales and traffic are slowing month to month, particularly in the casual dining segment. But all restaurant segments had positive sales on a two-year comps view basis.
John A. Gordon, CFFA
Pacific Management Consulting Group
Restaurant Analysis and Advisory