MillerPulse Founder Warns Against Price Hikes

MillerPulse reports chain same-store sales rose 1.1% in February, driven entirely by a 1.9% increase in comp sales at quick-service chains. Casual-dining chain sales fell 1.6%. But industry traffic hit a nine-year low, off 4% in February, while check averages reached a 10-year high. Founder Larry Miller warns that the constant increase in menu prices…