Stockbrokers in need of a quick caffeine fix between bouts of buying and selling have a new resource. Starbucks Corp. is debuting its new express store format on Wall Street in New York, across from the New York Stock Exchange.
As a result of higher same-store sales and a continued optimistic outlook for future business conditions, the National Restaurant Association's Restaurant Performance Index (RPI) remained in positive territory in March. The RPI, a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry, stood at 102.2 in March, down 0.4% from February's level of 102.6.
Sandwich operator Arby's Restaurant Group recorded systemwide same-store sales growth in first quarter 9.8%, marking 18 consecutive quarters of comp growth and indicating progress toward the quick-serve chain’s goal to surpass $4 billion in system-wide total sales by the end of 2018.