03-22-2020, 09:45 AM
(03-22-2020, 05:32 AM)fenders53 Wrote: https://seekingalpha.com/article/4333420...ay-for-now
The charts in this article from Darden are the first real stats I've seen. The sales dip through the first few weeks of the crisis is very ugly for sit down restaurants. DRI definitely on my watchlist. Same store growth momentum was looking pretty good before the shutdown. There will be some long-term value here soon enough.
I would caution that they were an absolute basket-case up until the very last couple years of the ultra-bull market. For years, all you would read about as a shareholder was missed earnings, earnings revisions downwards, articles that dining trends were changing (most having a theme that Millenials don't eat at chain restaurants in the same numbers as baby boomers). Things could remain ugly for a very long time.