Zacks sees more lean times for restaurants

By Geert De Lombaerde Posted on December 31, 2008 at 1:07 pm

The consumer will stay at home or settle for a Big Mac for a good while yet, which means the share prices of public chains are headed nowhere for now.

A lot of the near-term pain is baked into the prices. But we think the upturn in sales will come later and be more gradual than investors are anticipating — in the third quarter of 2009 at the earliest.

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Tags: consumer spending, restaurants, retail, Zacks Investment Research Inc.  

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