巴克莱-美股-餐饮业-美国餐馆：2018年Q2与7月份超过质量标准，但仍需警惕反复性.docxVIP

CORE Equity Research 15 August 2018 U.S. Restaurants 2Q18 July Comp Led by Casual over QSR… But Beware of the Pendulum Heading into restaurant earnings, as noted in HYPERLINK /go/publications/content?contentPubID=FC2398175 “ HYPERLINK /go/publications/content?contentPubID=FC2398175 2Q18 Preview… Comp Mo’ HYPERLINK /go/publications/content?contentPubID=FC2398175 Sustained HYPERLINK /go/publications/content?contentPubID=FC2398175 ” (7/19/18), stock performance was led by casual dining. And while the message still rings true, the outperformance of: 1) casual over QSR 2) restaurants ove