Analyst Warns of a Restaurant Downturn and Sees Harbinger of U.S. Recession
This doesn't bode well for the U.S. economy.
A Bleak Earnings View of Fast Food and Manufacturing
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According to one analyst, not even the Pokemon Go craze can save the restaurant industry.
During much of the recovery from the financial crisis, restaurant spending has been a retail highlight as other areas, like department stores, have struggled. According to Stifel Financial Corp. analyst Paul Westra, however, recent surveys point to the start of a serious decline.