The National Restaurant Association’s Restaurant Performance Index (RPI) edged down -0.1% MoM to 100.0 in June 2025, holding just at the expansion threshold as mixed sales and traffic trends continued.

• The Current Situation Index declined -0.4% MoM to 100.0, as customer traffic (-0.9%) and labor (-0.7%) slipped, partially offset by a 0.7% increase in capital expenditures.
• The Expectations Index rose 0.2% MoM to 100.1, led by a modest 0.5% gain in future same-store sales expectations and a 0.3% rise in capex plans.
• 49% of operators reported higher same-store sales YoY in June (down from 52% in May), while 36% saw increased customer traffic (down from 40%).

• Just 23% of operators expect the economy to improve over the next six months, while 44% expect conditions to worsen.
• Despite macro pessimism, 54% of operators plan capital expenditures in the next six months, the highest reading in a year.