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Thursday, March 14, 2013 9:18:10 PM
"And by far, the protein we're most concerned with is the cost of the beef. That, we see really for the next couple of years, there's such a significant imbalance of global demand versus the supply in North America, which is all we buy, and we're only buying fresh beef. That we think we're just going to face an inflationary environment .......... Occasionally and last year, we saw a little bit of relief, but I think that comes from extraneous factors, pink slime and other issues. So I think fundamentally, we're on a path where the timeframe to improve the supply fundamentals in this country are going to take several years. So I think we're looking at cost inflation of 3% to 4%, which equates to really think of it as a negative 1 point on our restaurant margin that we have to offset..." Steven Hare,CFO of Wendy's
http://seekingalpha.com/article/1274161-the-wendy-s-company-presents-at-ubs-global-consumer-conference-mar-14-2013-09-40-am?page=6
ps-Those who control supply have the upper hand!
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