Easing Inflation Brings Hope To Restaurants In 2025 But Uncertainty Lingers: Analyst Upgrades Shake Shack And Dutch Bros
Easing Inflation Brings Hope To Restaurants In 2025 But Uncertainty Lingers: Analyst Upgrades Shake Shack And Dutch Bros
Despite these challenges, most have shared optimistic outlooks on recent sales trends.Barclays analyst Jeffrey A. Bernstein has outlined top themes to watch out for in the U.S. restaurants in 2025.
巴克萊銀行分析師傑弗裏·A·伯恩斯坦列出了2025年美國餐廳需要關注的主要主題。
The restaurant industry, according to the analyst, is experiencing mixed results as it navigates a volatile environment heading into the third quarter of 2024.
根據分析師的說法，餐廳行業在進入2024年第三季度時正面臨混合的結果，正在應對動盪的環境。
A recent preview highlighted that many companies have struggled to meet expectations regarding same-store sales and earnings per share, noted the analyst.
最近的預覽強調，許多公司在同店銷售和每股收益方面難以滿足預期，分析師指出。
Despite these challenges, most have shared optimistic outlooks on recent sales trends.
儘管面臨這些挑戰，大多數公司對最近的銷售趨勢持樂觀態度。
As 2024 progresses, the key focus remains the consumer outlook, which has been unpredictable. On a positive note, unemployment rates remain near record lows, and wages continue to rise, contributing to a healthy increase in real disposable income, the analyst added.
隨着2024年的推進，關鍵關注點仍然是消費前景，而其不穩定。不過好的一面是，失業率仍接近歷史低點，工資繼續上漲，這有助於實際可支配收入的健康增長，分析師補充道。
Inflation has also eased, allowing the Federal Reserve to slow down its rate changes, said the analyst.
通貨膨脹也有所緩解，這使得聯邦儲備能夠放慢加息步伐，分析師表示。
However, the analyst warned that the cost of living, including high rent and basic expenses, continues to pressure consumers.
然而，分析師警告說，生活成本，包括高租金和基本開支，繼續給消費者施加壓力。
Consumer confidence has remained lower than pre-pandemic levels, and many restaurants are working to improve traffic by offering greater value in response to inflation concerns.
消費者信心仍低於疫情前水平，許多餐廳正努力通過提供更大的價值來改善客流，以應對通貨膨脹相關的擔憂。
Commodity inflation, excluding coffee, has shown signs of normalization and December 2024 saw a year-on-year increase of around 16%, mainly driven by coffee prices, asserted the analyst.
商品通脹（不包括咖啡）已經出現正常化的跡象，2024年12月同比增長約16%，主要受到咖啡價格驅動，分析師表示。
Restaurants are expecting mid-single-digit inflation in 2025, assuming current prices hold and the industry is hoping for a more stable cost environment that can support margins amidst uncertain sales projections, added the analyst.
餐廳預計在2025年將出現中個位數的通脹，假設當前價格持穩，行業希望能夠在銷售預測不確定的情況下，獲得一個更穩定的成本環境以支持利潤，分析師補充道。
The analyst expressed concern about labor costs and said while wage inflation has slowed from the peaks seen during 2021 and 2022, December 2024 saw a year-on-year wage increase of 10.3%.
分析師對勞動力成本表示擔憂，並指出儘管工資通脹已從2021年和2022年看到的高峰有所放緩，但2024年12月同比工資增長達到10.3%。
In menu pricing, restaurants are easing the aggressive price hikes seen in recent years and overall, the industry is moving towards smaller price increases as commodity and labor inflation stabilizes, said the analyst.
在菜單定價方面，餐廳正在放緩近年來激烈的價格上漲，整體行業趨向於較小的價格上漲，因爲商品和勞動力通脹逐漸穩定，分析師表示。
The analyst upgraded both Shake Shack Inc (NYSE:SHAK) and Dutch Bros Inc (NYSE:BROS) to Overweight from Equal Weight.
分析師將Shake Shack Inc（紐交所：SHAK）和Dutch Bros Inc（紐交所：BROS）的評級從均衡上調至超配。
The analyst downgraded Bloomin' Brands Inc (NASDAQ:BLMN) and Dine Brands Global Inc (NYSE:DIN) to Equal Weight from Overweight.
分析師將Bloomin' Brands Inc（納斯達克：BLMN）和Dine Brands Global Inc（紐交所：DIN）的評級從超配下調至均衡。
Photo via Shutterstock.
圖片來自Shutterstock。
譯文內容由第三人軟體翻譯。
