NEW YORK, NY -- (Marketwire) -- 04/17/12 -- The Restaurant Industry has started to heat up. The National Restaurant Association's Restaurant Performance Index (RPI), which tracks the health of and outlook for the U.S. Restaurant Industry, was at 101.9 in February. This makes it the fourth consecutive month the RPI has been over 100. The Paragon Report examines investing opportunities in the Restaurants Industry and provides equity research on Chipotle Mexican Grill, Inc. (NYSE: CMG) and Good Times Restaurants Inc. (NASDAQ: GTIM). Access to full reports can be found at:
"Buoyed by continued gains in national employment and an extra day in February as a result of Leap Year, a solid majority of restaurant operators reported positive same-store sales and traffic results," said Hudson Riehle, senior vice president of the Research and Knowledge Group for the National Restaurant Association. "In addition, restaurant operators are bullish about sales growth in the months ahead, while their outlook for the economy remains cautiously optimistic."
"Perhaps the most positive indicator is the optimistic outlook for staffing levels in the months ahead," Riehle added. "Only seven percent of restaurant operators expect to reduce staffing levels in the next six months, the lowest level in nearly eight years."
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Chipotle Mexican Grill, Inc., the national chain of burrito restaurants known for serving Food With Integrity, recently announced that it will host a conference call to discuss first quarter 2012 financial results on Thursday, April 19, 2012 at 4:30 PM Eastern time. A press release with first quarter 2012 financial results will be issued at approximately 4:00 PM Eastern time that same day.
Good Times Restaurants Inc. recently announced that same store sales for March increased 7.9% on top of last year's 8.6% increase and same store sales increased 7.3% the for its second fiscal quarter ended March 31. March's increase was the twentieth consecutive month of same store sales increases for the Company.
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