Panera Remains Our Top Restaurant Investment Idea as Industry Looks to Put Tough 2016 Behind It
Heading into 2017, we believe the key question on most restaurant investors' minds is whether the industry will reach an inflection point with respect to sales trends. 2016 was a difficult year for most restaurant operators, with comparable traffic trends declining much of the year. It's difficult to pin the industry weakness on one factor, with elevated rent and healthcare costs, the wide gap between the food at home (grocery store) and food away from home (restaurant) CPI spread (which stands ...
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