3 Stocks to Watch on Soaring Restaurant Sales Amid Price Challenges

Industry Overview - U.S. restaurant sales reached $98.7 billion in June, marking a 0.6% increase from May's revised total of $98.2 billion, indicating strong consumer spending despite inflationary pressures [4][9] - The increase in restaurant sales is attributed to a broader rise in retail sales, which also grew by 0.6% in June after a decline in the previous month [5][6] Investment Opportunities - Investment in restaurant stocks such as Yum China Holdings, Inc. (YUMC), Brinker International, Inc. (EAT), and Cracker Barrel Old Country Store, Inc. (CBRL) is recommended due to positive earnings estimate revisions over the last 60 days [3][9] - Yum China Holdings has an expected earnings growth rate of 12.8% for the next year, with a 0.4% improvement in current-year earnings estimates [7] - Brinker International is projected to have a 10.5% earnings growth rate for the next year, with a 0.9% increase in current-year earnings estimates [10] - Cracker Barrel Old Country Store shows a 9.4% expected earnings growth rate for the next year, with a significant 14.3% improvement in current-year earnings estimates [12]