The tough times for the restaurant industry continue. Once solid quick-service restaurants like McDonald's (NYSE:MCD) and Chipotle Mexican Grill (NYSE:CMG) have seen softer traffic patterns lately, and big food service equipment companies like Middleby (Nasdaq:MIDD) and Illinois Tool Works (NYSE:ITW) continue to report soft spending from restaurants. Sysco (NYSE:SYY)
has been losing some of its shine in recent quarters, as the company
struggles to leverage its much-heralded market share and infrastructure
into real profit growth. Unfortunately for shareholders, not only does
the near-term environment still look tough, but the share price may not
yet fully account for that.