real-time news and commentary for investors
Tuesday, Oct 8
Fast-food chains attract decent amount of corporate traffic
- Expense-tracking firm Certify reports businesspeople have no problem blowing their meal expenses on fast-food options with Starbucks (SBUX +0.6%), McDonald's (MCD -0.2%), Subway, and Panera Bread (PNRA -0.2%) topping the list of establishments raking in business food spending.
- In a testament to the versatility of the Panera chain, its average business meal tab of $35.35 ranks close to chains such as Longhorn Steakhouse, Cheesecake Factory, and P.F. Chang's.