Restaurant sales rebound, first quarter weak

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lower sales

CNBC

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Technology

Restaurants warn of weak first quarter, but say sales will pick up later this year

Summary

Nutrition label

78% Informative

Freezing temperatures, wildfires and a still-cautious consumer led to lower sales in January .

Fast-food net sales rose 3.4% in January , down slightly from December 's spike of 4.9% .

Chipotle, Wendy's and McDonald's are among the chains predicting stronger results in the second half of the year .

"[Earnings per share] is expected to be the lowest in [ the fiscal second quarter ] on an absolute basis due to seasonality, the organization restructuring I just spoke about and elevated investments, with year-over-year pressure also intensifying in the quarter ," she said in late January . " EPS is then expected to improve in the latter half of the fiscal year 2025 , both sequentially and year-over-year .".

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formal

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English

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