October 17/New York/Bloomberg News -- Fast-food restaurants are benefiting from consumer concern about another recession, as unemployment and weak confidence hurt discretionary spending.
The Bloomberg U.S. Quick Service Restaurant Index -- which includes McDonald’s Corp. and Yum! Brands Inc., owner of Pizza Hut -- has risen 4% this year, while the Bloomberg Full Service Restaurant Index, made up of eateries such as Cheesecake Factory Inc., has declined 9%.