Restaurant News Roundup, 7/4/16
Industry research firm says restaurant sales are virtually flat and are expected to remain weak for the rest of the year. The cause? Uncertainty over the presidential election, according to one analyst. Read more here: http://www.businessinsider.com/people-are-spending-less-at-restaurants-and-its-terrifying-news-for-the-economy-2016-6
Jim Cramer of Mad Money assesses the stock performance of six restaurant chains, giving thumbs up to McDonald’s among others while panning Chipotle.
Latest ranking of restaurant chains shows three of the five fastest-growing restaurants are those selling chicken fingers, wings, or sandwiches. Jersey Mike’s tops the list, with sales growth of almost 30%. Read more here: http://www.businessinsider.com/fastest-growing-restaurant-chains-in-the-us-2016-6
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