The restaurant industry is expected to post a positive growth in 2011 after a three-year period of negative growth. According to the National Restaurant Association, industry sales are projected to increase about 3.6 percent over 2010 sales (1.1 percent when adjusted for inflation). The restaurant industry seems to rise and fall with the stock market, and as the economy is slowly improving, so is the restaurant industry. Quickservice restaurants are expected to see a slightly higher increase in sales than fullservice restaurants. Restaurant industry job growth is also expected to surpass national job growth, adding jobs at 2.4 percent while the national economy is projected to have a 1.8 percent growth. The three companies the have the best relative performance in the market right now are Wendy's/Arby's group, Buffalo Wild Wings, and Starbucks.
For more info, visit:
http://www.restaurant.org/pressroom/pressrelease/?ID=2039
and
http://www.google.com/finance?q=NASDAQ%3AWEN
Alex the positive that you talk about in the restaurant industry and the numbers you gave (meaning you did research and are valid) was really helpful for both our presentation and final industry paper. With these examples and with other that all of us found, we had a clearer idea on explain why it is a good period for someone to invest to the restaurant industry!
ReplyDeleteCOMMENT POSTED BY: KATERINA ARGYROU