U.S. restaurants gain as inflation pressures moderate

Dine Brands Global

10/08/2022 17:14

** Shares in U.S. restaurants gain as consumer prices were
unchanged in July due to sharp drop in cost of gasoline
 urn:newsml:reuters.com:*:nL1N2ZL0KI  .N 
    ** Latest inflation number delivers first notable sign of
relief for weary Americans who have watched it climb over the
past two years
    ** Major fast-food chains Yum Brands  YUM.N , Restaurant
Brands International  QSR.N , McDonald's  MCD.N  and Wingstop
 WING.O  rise 0.6% to 5.7%
    ** Pizza restaurants Domino's Pizza  DPZ.N  and Papa John's
International  PZZA.O  gain 2.7% and 0.7%, respectively, while
coffee chain Starbucks  SBUX.O  increases 2%
    ** Dining restaurants Denny's  DENN.O , Applebee's-parent
Dine Brands  DIN.N , Olive Garden-owner Darden Restaurants
 DRI.N , Outback Steakhouse-parent Bloomin Brands  BLMN.O  and
Chili's-owner Brinker International  EAT.N  soar 3.6% to 7.4%
    ** Wendy's  WEN.O  falls 2.3% after missing quarterly U.S.
same-store estimates  urn:newsml:reuters.com:*:nL4N2ZM2SE
    ** The S&P 500 Restaurants  .SPLRCREST  sub-index has fallen
around 13% this year

 (Reporting by Praveen Paramasivam)
 ((Praveen.Paramasivam@thomsonreuters.com;))