Full-Service Restaurants Remain Bright Spot in Tough Industry

Dow Jones
Yesterday

0925 ET - People are still flocking to full-service restaurants even as they scale back on eating out elsewhere, Morgan Stanley analysts say in a note. Spending on experiences generally seems to be strong, the analysts say. "It may also be that people want good service," they say. "For more transactional QSR occasions, it's easier to discard those." As a result, more quick-service restaurants seem to be bringing back hospitality, something that's easy to lose sight of over concerns about high labor costs, they say. "This probably also explains the lack of classic trade down dynamics in restaurants today--customers are picky but not primarily price shopping when they do buy," they say.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10