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Are QSR firms bracing for another quarter of disappointment?
Mint Mumbai
|January 04, 2024
For investors in shares of quick service restaurant (QSR) companies, the menu looks rather insipid.
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Subdued demand had marred performance in the half-year ended September, and the December quarter (Q3FY24) appears to be following suit.
A meaningful pick-up has not occurred despite it typically being a strong quarter amid tailwinds in the form of festivals, analysts said. The ICC Cricket World Cup was also expected to boost sales this time around. But these events did not play out as envisaged. The previous year's high base also contributed to underwhelming same-store sales growth projections for Q3.
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