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Fast Food Restaurant Sales Will Go Up When Beef Prices Do, Analyst Tells CNBC

NEW YORK (TheStreet) -- Wedbush Securities analyst Nick Setyan told CNBC's "Power Lunch" on Wednesday that Wendy's (WEN) and McDonald's (MCD) won't see better sales numbers until the price of beef goes up.

"As long as there's a decline in beef costs, you're going to see [a] competitive environment and lower sales," Setyan said.

Wendy's stock has been retreating today after it reported that same-store sales (SSS) in North America increased by only 0.4% year-over-year, while analysts...


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