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Is the Food Equipment Sector Set to Bounce in 2018? [The Motley Fool]

ILLINOIS TOOL WORKS (ITW)  More Company Research Source: The Motley Fool
Last illinois tool works earnings: 4/26 08:00 am Check Earnings Report
US:NYSE Investor Relations: investor.itw.com
PDF After a difficult 2017, there are early signs of a recovery in 2018. Here's the lowdown. Last year was one to forget for the commercial food equipment industry in the U.S. Earnings reports from multi-industrial companies like Illinois Tool Works and Dover Corp contained references to the softness in sales in 2017, while the message from pure-play food equipment companies like Wellbilt Inc . and The Middleby Corporation was pretty much the same. Is it part of a reversal of a trend, or merely a blip that's creating a buying opportunity in the sector, especially in a stock like Middleby, which has risen recently on hopes of a turnaround? Let's take a closer look. Fast casual dining growth has slowed in recent years. Image source: Getty Images. Trend reversal According to data from the Commerce Department, April 2015 marked the date when U.S. consumers started spending more in restaurants and bars then they did in grocery stores. Data source: Departme [Read more]

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