Analyst: Consumers hold the cards when it comes to restaurant industry’s fate
Whether the restaurant industry finds itself a victim of any double-dip recession rests mainly on consumer sentiment and spending, according to a Tuesday research note by restaurant securities analyst Larry Miller of RBC Capital Markets. Those consumer trends, according to RBC’s latest data, are not trending in a positive direction. “It is possible that we are headed for a double-dip recession,” Miller wrote, “and for better or worse, the tipping point looks to be the ...
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