4 Solid Restaurant Stocks to Buy on Growing Sales
CAVACAVA (CAVA) zacks.com·2024-05-29 22:56

The U.S. restaurant industry staged a solid turnaround in 2023 and sales have since been on the rise. The uptrend continues despite rising price pressures and growing concerns over inflation. The Commerce Department reported that sales at U.S. food and drinking places totaled 94.3billioninApril,up5.594.3 billion in April, up 5.5% year over year. Sales from February through April totaled 36.7 billion. The retail sector has been struggling to bounce back from its lows, but sales at restaurants and bars have so far put up an impre ...