Episode Details
Back to EpisodesWar with Iran Hits Fast Food Sales, Restaurant Stocks Plummet
Description
Skyrocketing gas prices, driven by the ongoing war with Iran, are causing a significant drop in fast food sales across the US. With a 32% increase in gas prices since late February, low-income families are feeling the pinch, spending more on fuel and less on eating out. This is affecting restaurants supply costs and stocks, with most big fast food companies seeing a downturn. However, Restaurant Brands, which owns Burger King and Tim Hortons, has seen a 5% climb due to a successful marketing push. Despite the conflict, theres no immediate backlash against American brands overseas, but the industrys future remains uncertain.
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