Restaurant analysts see industry headwinds in 2017
Investors sure seem to be betting on a restaurant revival come 2017: Industry stocks since the election have increased more than 13 percent.
But analysts see a disconnect between those prices and reality. Indeed, many analysts — and sales forecasters — predict that 2017 won’t be all that much better than 2016.
To be sure, this is not an industry consensus. Some analysts see improvement starting this spring as the industry starts lapping easier comparisons and the price gap with grocers narrows.
Still, analysts say it’s a good bet the industry in 2017 will experience similar sales and traffic headaches