Restaurants Have Pain on the Menu
Low grocery prices and changing consumer habits are slowing sales.
This article is for subscribers only.
U.S. restaurant sales grew in the second quarter at their slowest pace since December 2009. As restaurants start reporting third-quarter results this week, investors should expect to see the pain continue.
For one thing, customers are finding it's getting more expensive to eat out. Restaurants are hiking menu prices to keep up with rising minimum wages and other costs1476976125071.