Report title: Fast-Food Advantage
from Moody's Global Credit Research
6 page (3166 word) report published Jul 22, 2009

Price $550.00 available for immediate download
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...Lower average cost of a meal at quick-service restaurants is an advantage as consumers become ever more frugal Conveniences like drive-thru windows and late-night hours remain a competitive advantage over casual dining New menu options at fast-food restaurants increase appeal for consumers that are more health-conscious Franchise-based business model should provide greater stability to earnings Discounting and promotions become key marketing tool to bolster traffic but squeeze margins Many restaurants, including some quick-service operators, face weaker debt-protection metrics and eroding covenant cushions due to weaker operating performance Overview...

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