4 Stocks to Add to Your Portfolio on Soaring Restaurant Sales
CAVACAVA (CAVA) Zacks Investment Research·2024-05-06 21:25

The U.S. restaurant industry is putting up a great show amid price pressures. Sales are soaring as an increasing number of Americans are spending freely on dining out. According to the Commerce Department, sales at U.S. food and drinking places totaled 98.1billioninMarch,up0.498.1 billion in March, up 0.4% month over month after increasing 0.5% in February. Sales at U.S. restaurants rose a solid 6.6% year over year in March, while sales from January through March totaled 27.1 billion. The retail sector has struggled for months o ...