September in the Twin Cities was uphill for restaurant operators. Sales were down 7.05% compared to a year ago, although it’s worth noting that there were only four weekends this September against last year’s five. Still, this number drags on the trailing 12-month rate, now down 3.92%.
So what's happening with local restaurant businesses? The US Census Bureau just released figures that indicate slowing incomes across the state. Maybe the area's hospitality industry is reflecting what's happening with its residents – growth has hit the pause button for now.
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.