Wednesday, December 5, 2012

Quote of the Day

December 4, 2012
Olive Garden parent cuts view on restaurant sales drop

Darden's promotions did not "resonate with financially stretched consumers as well as newer promotions from competitors", Otis said in a statement.


Rob Dawg said...

Calculated Risk will still keep reporting the restaurant and architecture and hotel indexes proclaiming the recovery.

Stagflationary Mark said...

Rob Dawg,

Here's what gets me. He keeps calling restaurant performance "D-List" data as if it is a fact. In my opinion, it is simply an opinion and one I do not share.

October 16, 2007
Eating Out vs. Eating at Home

In hindsight, does that look like D-List data?

This is where we are as of June. I don't think it's going to hold long-term.

Just an opinion!

Note to self: Update the chart.

Stagflationary Mark said...

Ah, I did update the chart and as expected it did not hold up.

November 14, 2012
Restaurant Pain

Note that there was a glimmer of hope that we were moving up and away from the most recent trend line in red. However, that's not been the case since April. I might even be so bold as to suggest that it has a certain return to the trend line look about it.