Sapphire to Westlife FoodWorld: QSR stocks hover at 52-week lows as LPG supply crunch weighs
Shares of quick-service restaurants (QSRs) are currently hovering around their 52-week lows on Friday, March 13 primarily due to a significant shortage of commercial LPG resulting from supply chain issues in the Strait of Hormuz. Key players such as Sapphire Foods, Jubilant Foodworks, Devyani International (KFC, Pizza Hut), and Westlife Foodworld (McDonald’s) are encountering operational…