Spending at restaurants and bars rose 8.5 percent over the past year ending in August, the largest gain among retail categories, and more good news is expected for retailers given forecasts for increased Halloween candy sales, according to Marcus & Millichap's latest retail report.
August also was a good month for fast casual and quick-service restaurants, according to the report.
Across restaurant categories, Starbucks, Chipotle, Burger King, Jack in the Box, and Chick-fil-A each ranked among the top performers in terms of year-over-year sales growth through August as consumers continue to rely on lower-cost dining options to compensate for their tighter budgets.
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