(RPI) Restaurant Industry Stock Review – March 2012 – Industry Outlook 0
The restaurant industry appears well positioned for gradual improvement in the first half of 2012. The global economy had been affected by challenges mainly in the second half of 2011 due to concerns about the nagging sovereign debt issues in Europe and the health of the U.S. economy. While these remain issues, the outlook for the U.S. economy has significantly improved lately. But despite these odds, restaurant operators have managed to post improved results in the last few months on the back of modest traffic improvement and the consequent rise in comparable store sales. Easy comparisons from the prior year placed performance of 2011 in a brighter light. Encouraging guidance delivered by most of the companies also indicate a return to solid comps. With some expected turnaround in Greece’s debt
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