Restaurant Sector Head Howard Penney and Demographer Neil Howe will discuss the current vertiginous state of the restaurant industry and what COVID-19's long-term impact will be on the space.
They will go in-depth and address these key questions:
- What were the industry’s strengths and weaknesses coming into the pandemic?
- Which players will be hurt the most?
- Which players may never recover?
- How long – if ever – until Americans again eat out as they did before?
- Will there be a resurgence in take-out, delivery, and home cooking?
- And more…
Howard Penney / Hedgeye Risk Management
Howard’s research coverage focuses on the restaurant industry and other Consumer Staples sectors in the U.S. He has nearly two decades of experience following consumer-related sectors, including tobacco, beverage (i.e., Latin America), gaming, and restaurants. Prior to Hedgeye Risk Management, Howard spent 14 years at Morgan Stanley working on the Macro team covering small company strategy. During his tenure at Morgan Stanley, Howard was ranked #1 by Institutional Investor (Restaurants) and #1 in the WSJ poll (Tobacco). Following Morgan Stanley, Howard worked at FBR and SunTrust Robinson Humphrey.
Neil Howe / Hedgeye Risk Management
Neil Howe is a renowned authority on generations and social change in America. An acclaimed bestselling author and speaker, he is the nation's leading thinker on today's generations—who they are, what motivates them, and how they will shape America's future.
A historian, economist, and demographer, Howe is also a recognized authority on global aging, long-term fiscal policy, and migration. He is a senior associate to the Center for Strategic and International Studies (CSIS) in Washington, D.C., where he helps direct the CSIS Global Aging Initiative.
Howe has written over a dozen books on generations, demographic change, and fiscal policy, many of them with William Strauss. Howe and Strauss's first book, Generations, is the history of America told as a sequence of generational biographies. Vice President Al Gore called it "the most stimulating book on American history that I have ever read" and sent a copy to every member of Congress. Newt Gingrich called it "an intellectual tour de force." In their book, The Fourth Turning, the Boston Globe wrote, "If Howe and Strauss are right, they will take their place among the great American prophets."
Howe and Strauss originally coined the term "Millennial Generation" in 1991, and wrote the pioneering book on this generation, Millennials Rising. His work has been featured frequently in the media, including USA Today, CNN, the New York Times, and CBS's 60 Minutes.
Previously, with Peter G. Peterson, Howe co-authored On Borrowed Time, a pioneering call for budgetary reform and The Graying of the Great Powers with Richard Jackson.