The USA Today is all doom and gloom about the restaurant industry. I watched CNBC today and they are telling people to buy restaurant and food industry stock. So who is right? Is the restaurant industry in a downturn? Or, is the old adage that people will always need to eat more correct?

I think restaurants with good managers and good systems in place will experience some tension, but in the end the strong will be better off and the weak will have to adapt or move on.

From USA Today March 2, 2008

The restaurant industry has fallen, and it can't get up. To add insult: The worst may be yet to come.
Same-store sales are sliding. Commodity prices are climbing. Units are closing. Customers are dwindling. Some of the top names in all ends of dining are in pain, from Starbucks to Applebee's to The Cheesecake Factory.

http://www.usatoday.com/money/industries/food/2008-03-02-restaurant...

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Replies to This Discussion

I agree that the strong will come out on top and the weak will have to either adapt or move on. I also believe that as always, when one restuarant goes out of business, another one is created in its place. Therefore, what we might see by the time this recession comes to and end is a new competative class of restaurants that all have a common characteristic of being able to weather an economic storm. I predict these restaurants will know the importance of develping a dining experience based on sustainable concepts rather that passing fads or overembellished trends.

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