restaurant

stocks: Bernstein initiates coverage on retail and restaurant stocks

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stocks: Bernstein initiates coverage on retail and restaurant stocks

Brokerage Bernstein has initiated coverage on seven retail and restaurant companies — Avenue Supermarts, Trent, Aditya Birla Fashion & Retail, Jubilant FoodWorks, Westlife Foodworld, Devyani International and Sapphire Foods India. The firm has ‘outperform’ rating on Avenue Supermarts, Trent, Jubilant FoodWorks and Devyani and ‘underweight’ on Aditya Birla and Westlife World. Bernstein said that as … Read more

Underperforming locations closed in multiple states

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Underperforming locations closed in multiple states

(KTLA) — Hooters is the latest casual dining chain to announce it’s closing a select number of locations nationwide. “Like many restaurants under pressure from current market conditions, Hooters has made the difficult decision to close a select number of underperforming stores. Ensuring the well-being of our staff is our priority in these rare instances,” … Read more