July 5, 2019
Not Yet Summer in the Twin Cities
Summer officially kicked off this month, but restaurants in the Twin Cities were in the shade. June sales took a nosedive, down more than 5% for the month, which was especially tough after last month’s growth in the plus column. It means a rocky year for local restaurants, with the trailing 12-month rate down more than 3%. Per the Star Tribune, the local food scene is bigger and better than ever . . . that’s great for diners, but it means more competition and some headwinds for the restaurant business.
About these metrics: The MarginEdge monthly snapshot of Minneapolis/St. Paul restaurant sales is based on a sampling of 50+ area restaurants ranging from fast-casual to full-service.
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