Is This the End of the Restaurant Recession?
If Restaurant Brands is benefiting from lower costs, the rest of the industry could see a turnaround.
Last summer, analysts predicted a restaurant industry downturn would last into 2017. Causes included lower prices at grocery stores and 2016 election uneasiness. Restaurants costs have also been steadily increasing. Restaurant Brands fourth quarter results hint that the high-cost trend is reversing. If Restaurant Brands (QSR) - Get Report is benefiting from lower costs, the rest of the industry could see a turnaround.
This article was written by a staff member of TheStreet.
