Mild weather this winter may be just what restaurants ordered, one analyst told CNBC on Friday.
While many traders are also looking at cheap gas prices, and in turn increased consumer spending, to potentially boost the industry, David Palmer, RBC Capital Markets restaurant analyst, said lower prices at the pump tend to only have a "medium" correlation with restaurant spending.
"Right now, we're not seeing a ton of direct pickup from that. It feels more like weather, so a lot of people in the industry are wondering if we'll see more of this in the coming months ahead," he said in an interview with "Street Signs."
The last two winters there have been serious step-downs in results, Palmer added. Now there have been weeks where the industry is up 8-10 percent.