StockGuru Blog: Tootie Pie, Inc. – Restaurant Industry in Sustained Growth Mode
Tootie Pie Company, Inc. (OTCBB: TOOT) Tootie Pie Company bakes and sells high-quality, handmade pies through three basic sales channels: retail, corporate and wholesale. Wholesale distribution provides a reliable and sustainable market for growth. U.S. restaurant sales are expected climb 5% to a record $537 billion, along with growth across all categories and regions noted the National Restaurant Association. “The industry is heading into 2007 as an economic powerhouse and an essential part of Americans’ lifestyle, with Americans spending 47.9% of their food budget in restaurants,” the group said in the report. Looking ahead to its 16th consecutive year of…