5 Solid Restaurant Stocks to Buy as Sales Look Poised to Soar
CAVA (CAVA) Zacks Investment Research·2024-04-04 21:11
The U.S. restaurant industry has shown tremendous resilience amid rising prices and inflationary pressures. The industry grew at a solid pace in 2023 and the momentum has continued into this year.Restaurant Industry Continues to GrowSales at U.S. food and drinking places totaled $84.1 billion in February, up 0.4% month over month, the Commerce Department reported. On a year-over-year basis, restaurant sales jumped 6.3% in February. Higher prices have been hurting overall retail sales but that hasn’t impacte ...