Key Predictions For Q3 Earnings Reports Of MCD, CMG & QSR
Zacks Investment Research | Oct 20, 2019 11:40PM ET
Restaurant industry third-quarter 2019 performance is likely to have been impacted by lower foot traffic and high costs. According to tdn2k, restaurant industry’s same-store sales are likely to see a decline of 0.4%. The decrease can primarily be attributed to same-store traffic decline of 3.5%.
Further, sales-building efforts such as promotional activities and prudent pricing plans are eroding margins. Apart from this, intense competition, high wage and food cost inflation remain concerns. Moreover, most restaurateurs are facing rising employee vacancies and are perpetually understaffed, which has been affecting overall performance.
With changing preferences and trends, restaurant operators are continuously trying to strategize and maintain their competitive edge. This has been evident from collborations with delivery channels and digital platforms to drive incremental sales. These efforts are anticipated to reflect on third-quarter results.
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