Restaurant same-store sales rose 0.06% in October to mark the second straight month of small growth, according to data from TDn2K.
Comparable traffic was down 3.1% during the month, but pricing/mix offset the drop in guests.
TDn3K notes third-party delivery is playing a large part in the shift toward off-premise consumption. The firm says 86% of operators not currently using a third-party delivery platform are planning to implement it within the next twelve months.
Within the restaurant sector, outperformers on a YTD share price return comparison are Chipotle (NYSE:CMG) +69%, Luby’s (NYSE:LUB) +57% and Chuy’s Holdings (NASDAQ:CHUY) +56%. Laggards in the sector include Fiesta Restaurant Group (NASDAQ:FRGI) -51%, Carrols Restaurant Group (NASDAQ:TAST) -34% and Del Taco (NASDAQ:TACO) -33%. McDonald’s (NYSE:MCD) is right in the middle of the list, ranking 20th out of 42 publicly-traded restaurant stocks with a +9.0% YTD gain.
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