ing_rivera

Is Shift Away from Supermarkets, Restaurants Permanent?

Hi Judy, people would eat out in restaurants forever just like they have always do, so is not permanent.

People needs to go to restaurants for birthdays, to take out girlfriend, family on friday night,etc.

The demand setback is temporary and normal, it will happen every now and then. The problem is the supply there's too many and there will always be too many since is so easy to enter to the industry. So many PFCB,DRI,CAKE,LNY,CBRL... and pop restaurants, and hundreds others. Still DRI is the largest and have the infrastructure and market power to have above market returns.