5 Top Stocks to Gain on Signs of Household Spending Resilience
CAVA (CAVA) Zacks Investment Research·2024-03-18 13:20
Decreasing pandemic savings, coupled with sticky inflation, should have impacted American shoppers' desire to open up their wallets. However, consumers remained resilient and went on a shopping spree at retail outlets in February. Strength in the labor market and the Federal Reserve’s dovish stance led to retail spending last month.This calls for keeping a tab on retailers such as Brinker International (EAT) , Fortune Brands Innovations, Inc. (FBIN) , CAVA Group, Inc. (CAVA) , Carrols Restaurant Group (TAST ...