5 Solid Restaurant Stocks to Buy as Sales Look Poised to Soar
CAVACAVA (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 Grow Sales 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 impac ...