Reported about 12 hours ago
Morgan Stanley analysts favor fast-casual restaurants like Wingstop and Chipotle Mexican Grill, despite warning about challenges in the restaurant sector stemming from higher food costs and disappointing second-quarter earnings. Their report highlights that while some chains are struggling, the fast-casual segment remains a bright spot. Additionally, they noted McDonald's competitive price cuts may intensify market competition, impacting rivals like Burger King.
Source: YAHOO