McDonald’s & Other Restaurants Predicted To Fare Well after Sandy: Consumer Business Wrap
Fast-food restaurant operators like McDonald’s Corporation (NYSE:MCD) might fare a bit better after Sandy than a number of the forecasts predicting a significant drop in fourth quarter sales, say analysis at Miller Tabak. Stores near evacuation routes could see extra traffic from relief workers and residents going back and forth having few dining options. Ruby Tuesday (NYSE:RT) has nearly 44 percent of its outlets within the hurricane zone and similar stocks on watch include Brinker International (NYSE:EAT) at 32.6 percent, Panera Bread Company (NASDAQ:PNRA) with 32.6 percent, and The Cheesecake Factory (NASDAQ:CAKE) having 28.2 percent.
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