Restaurant News Roundup, 11/2/16
Moody’s predicts it will be harder for restaurants especially fast casual eateries like Applebee’s to increase earnings over the next year, downgrading its outlook for the restaurant industry to “stable” from “positive” in its latest report. Read more here: http://blogs.barrons.com/incomeinvesting/2016/11/02/moodys-lowers-its-outlook-on-restaurant-industry/
Celebrity chef Anthony Bourdain calls for providing a living wage for restaurant workers, which might include abolishing tipping while raising the hourly wage. Read more here: http://www.businessinsider.com/anthony-bourdain-supports-living-wage-restaurant-workers-2016-10
CKE Restaurants CEO Andy Puzder blames Obamacare for driving eight restaurant chains into bankruptcy. Read more here: http://www.foxbusiness.com/markets/2016/11/02/obamacare-is-bankrupting-restaurants-ceo-warns.html
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