The most important meal of the day.
THE HEDGEYE BREAKFAST MONITOR
Dairy price have come down dramatically over the past couple of months but it is worth noting that beef prices continue to follow a bullish trajectory. Cheese prices have been volatile this year and we believe that another increase is possible before the quarter is out.
Corn continues to slide and food processors, in turn, continue to outperform peer subsectors in the food, beverage, and restaurant space.
SBUX is kicking off its “Create Jobs for USA” campaign, accepting donations online and in some of its cafes to spur job creation among community businesses in the United States.
DPZ outperformed the space on Friday.
RT, CAKE, and PFCB underperformed the casual dining category on accelerating volume during Friday’s trading session.