But not everyone is looking at the glass half full. Buddy McClain, owner of 71 Sonic restaurants in the South, said that his year over year sales have fallen for 17 consecutive months.
“Everybody’s working harder and making less money,” he says.
The fact that individual businesses may be suffering despite a broader upswing gives good reason to look into restaurant ETFs as a diversified and effective way to invest on bullish sentiment.
For more stories on the food industry, visit our food & beverage category.
- PowerShares Dynamic Food & Beverage (NYSEArca: PBJ): 4.8% Yum! Brands Inc., 4.8% McDonald’s Corp., 2.8% Panera Bread Co., 2.8% Papa John’s International Inc., 2.7% CKE Restaurants Inc.
- PowerShares Dynamic Leisure & Entertainment (NYSEArca: PEJ): 4.7% Yum! Brands Inc., 4.7% McDonald’s Corp., 3% Cheesecake Factory Inc., 2.9% Darden Restaurants Inc., 2.9% Ruby Tuesday Inc., 2.9% Texas Roadhouse Inc., 2.8% California Pizza Kitchen Inc., 2.7% Panera Bread Inc., 2.7% Papa John’s International Inc., 2.6% CKE Restaurants Inc.
Sumin Kim contributed to this article.