5 chains facing a tough year in 2017
This post is part of the On the Margin blog.
Anyone who pays attention to this space knows that 2016 was not much fun for many restaurant operators. Traffic was bad despite low gas prices, low unemployment and high consumer confidence.
But some chains had it worse than others. With grocery prices falling, many concepts will find it difficult to generate more traffic in 2017, even though comparisons will supposedly get easier.
“You have to be leery of companies that have negative traffic and have no pricing power,” BTIG analyst Peter Saleh said.
As such, many chains face major questions heading