4 Solid Stocks to Invest in as Restaurant Sales Jump in June
The Cheesecake Factory(CAKE) ZACKS·2024-07-23 13:31
The U.S. restaurant industry put up a great show in 2023 as it showed tremendous resilience in the face of rising food costs, inflation and higher wages. However, the industry is facing major challenges this year.Inflation, which declined sharply in 2023, resumed its climb in the first few months of this year. Higher prices impacted sales as traffic waned. High wages and higher food costs have been two major concerns affecting margins.However, the industry is trying to hold its ground. The Commerce Departme ...