Report: Restaurant chains to benefit from improving California economy

Report: Restaurant chains to benefit from improving California economy

Starbucks, BJ’s, The Cheesecake Factory and Chipotle could see sales boosts, according to Piper Jaffray analysts

The economic picture in California is improving rapidly, and public restaurant chains with a large presence in the Golden State are expected to outperform for the rest of the year, according to an analyst report released this week.

Having a number of locations in California was once considered a liability for a restaurant chain. The state was hit particularly hard by the recession, and several restaurant chains have blamed lingering unemployment over the past few years for slowi

Register to view the full article

Register to view this article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish