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While 2008 was generally considered one of the worst years in history for the restaurant business, it wasn’t bad for everyone. Fast food and full service casual dining restaurants have continued to perform well. Particularly McDonalds and Burger King, as well as Panera Bread and Darden Restaurants (holding company for Olive Garden and Red Lobster).
Fast food restaurants have lured in customers by offering major deals, but even some fast food restaurants are feeling the pinch. “High food costs and selling of food at a dollar doesn’t help your margins,” said Larry Miller, a restaurant industry analyst with RBC Capital Markets.
The economy is holding up as such that people are continuing to eat, but perhaps they just aren’t eating as well as they used to. To read the whole article, click here.
