U.S. quick-service restaurant chains recovered from recession, poised for growth in 2012, according to analysts
January 6, 2012
– U.S. quick-service restaurant (QSR) chains have recovered from the recession and have resumed a growth trajectory, according to analysts, Nation’s Restaurant News reported on Jan. 5.
Goldman Sachs securities analysts Michael Kelter and Chris Cerrone issued a new report about the restaurant industry. The report showed that QSR chains are back on their “pre-recession trajectory” while casual dining restaurants are growing at 0%-1%.
Kelter and Cerrone predicted that Chipotle Mexican Grill would increase its in-store sales by 9% in 2012, making Chipotle the best-performing restaurant stock in 2012. Kelter and Cerrone also predicted favorable earnings for Dunkin’ Donuts, McDonald’s, Tim Hortons and Darden Restaurants.
The report cited that some restaurants that may struggle in 2012, such as Yum! Brands, Wendy’s and The Cheesecake Factory.
The primary source of this article is Nation’s Restaurant News, New York, New York, on Jan. 5, 2012.