HONG KONG, March 11 /PRNewswire/ - Today, www.WorldStreetFundamentals.com released its industry report highlighting Sonic Corporation (NASDAQ: SONC) and Wendy's Arby's Group Inc. (NYSE: WEN). Investors from around the world are invited to view fundamental and technical analysis at www.WorldStreetFundamentals.com/Reports.php.
Positive growth is expected in 2011, with industry sales projections reaching as high as $604 billion. This comes after a three-year period of negative real sales growth when considering inflation-adjusted terms. Real numbers (inflation adjusted figures) for the coming year are expected to post 1.1% growth over 2010. Quickservice restaurants are projected to post sales of $167.7 billion this year, a gain of 1.0% over 2010. Sales at fullservice restaurants are projected to reach $194.6 billion in 2011, an increase of 0.9% percent over 2010.
Consumers today spend 49% of their food budget in the restaurant industry, compared with only 24% in 1952. The economic downturn has created a substantial pent-up demand for restaurant services: over 40% of consumers are not dining out or using takeout as often as they would like. As the economy recovers and consumers begin to regain purchasing power, the restaurant industry is positioned to see rapid increases customer volume. This creates a strong position for growth in 2011.
World Street Fundamentals has highlighted Sonic Corporation (NASDAQ: SONC) for its position as the largest chain of drive-in restaurants in the United States. Currently comprised of 3,572 drive-ins, Sonic derives revenues primarily from Company-owned Drive-In sales and royalties from franchisees. To read the report on Sonic Corporation (NASDAQ: SONC), click here: www.WorldStreetFundamentals.com/ViewFullReport.SONC.php.
World Street recognizes Wendy's Arby's Group for its reiteration of 2011 earnings outlook and reaffirmed Wendy's long term target of 10% to 15% in average annual EBITDA growth, beginning in 2012. This year represents a transition period for the company as it explores strategic alternatives for Arby's, including a sale of the brand, reducing corporate G&A to support a single brand and focusing energies on investing in Wendy's growth opportunities. To read the report on Wendy's Arby's Group Inc (NYSE: WEN), click here: www.WorldStreetFundamentals.com/ViewFullReport.WEN.php.
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SOURCE World Street Fundamentals