Rate Cuts to Help Restaurant Industry: 4 Stocks With Growth Potential
LOCOEl Pollo Loco(LOCO) ZACKS·2024-09-25 03:00

The U.S. restaurant industry has shown great resilience amid rising price pressure. Sales grew consistently at restaurants and drinking places in 2023 and this year has also been great so far. The Federal Reserve’s recent rate cut is likely to benefit the restaurant industry further as it will help lower the cost of both raw materials as well as allow consumers to spend more freely.Given this situation, it would be ideal to invest in restaurant stocks like Yum China Holdings, Inc. (YUMC) , El Pollo Loco Hol ...