Posted on 02/07/2011 6:53:22 AM PST by Slyscribe
Chipotle Mexican Grill (CMG) and Panera Bread (PNRA) are among five notable casual eateries slated to release earnings this week. All report on Thursday except for Buffalo Wild Wings (BWLD) on Tuesday.
Restaurants worked hard to control costs during tough economic times. That allowed them to leverage (usually) modest revenue gains into big profit growth.
On the upside, the economy is getting better, payroll tax cut provides more money for discretionary spending. But food prices are rising rapidly. A question for restaurants is whether they can pass those costs onto consumers via higher prices and/or smaller portions, maintaining top-line growth and strong profit margins.
(Excerpt) Read more at blogs.investors.com ...
“On the upside, the economy is getting better...”
Bullcrap. The dollar is down 14% since June. I don’t care what the stock market is doing, we are in trouble & staring down the barrel of a global economic depression. Wake up, people. The MSM is bullcrapping you.
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