14.04.2016 18:36:00
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Moody's: US restaurants benefit from lower costs and higher consumer demand
New York, April 14, 2016 -- US consumers will look to dine out more as a result of steady economic growth, a decline in under-employment, lower gas prices and a rising minimum wage. These factors, along with lower operating costs for companies, are expected to bolster top-line growth and operating income for the US restaurant industry, said Moody's Investors Service. As a result, the rating agency has changed its outlook on the sector to positive from stable.