Restaurant outlook dampens - Memphis Business Journal:

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A total of 60 percent of operators saw lowerr May sales compared to ayear ago, while 26 percent said salesw were up. The association also says restauranf operators reported negative customer traffic levelsin May, the 21st consecutive monthu of traffic declines. "Despite the softed sales outlook, restaurant operators remainerd relatively optimistic that the economy will improve in themonthas ahead," the Association said.
"Thirty-fout percent of restaurant operators said they expect economix conditions to improve insix months, down slightlyt from 37 percent who reported similarly last After reaching a 10 month high last the group says restaurantg operators have scaled back plans for capital expenditures in the cominy months, with 41 percent planning to spend money on remodelinh or equipment, down from 46 percent last