Fast food giants will report their next quarterly earnings in the coming weeks. What’s Wall Street looking out for? Among other things, the impact of inflation on the numbers like the cost of commodities and labor. Also of interest: Store growth and evidence that consumers are cheerier.
The good news is that labor costs and retention rates among employees are gradually improving allowing companies to return to “an increased focus on retention & training,” Lauren Silberman of Credit Suisse said in a note to investors.
Meanwhile, here’s what analysts expect from earnings announcements from five of the biggest food chains: