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3 Stocks to Buy on Growing Restaurant Sales Amid Price Challenges
ZACKS· 2025-05-26 14:10
Industry Overview - U.S. retail sales have experienced fluctuations due to tariff fears and high inflation, yet spending at restaurants and bars remains strong [1] - Sales at U.S. restaurants reached $99.4 billion in April, reflecting a 1.2% month-over-month increase after a 3% rise in March, indicating consumer willingness to dine out [3][4] - Inflation is showing signs of cooling, with the consumer price index (CPI) rising 0.2% in April and a year-over-year increase of 2.3%, the smallest since February 2021 [5] Economic Factors - Easing trade war tensions and a temporary pause on tariffs announced by President Trump have contributed to a more favorable outlook for the restaurant industry [6] - The Federal Reserve's potential resumption of rate cuts could further benefit the restaurant sector [6] Investment Opportunities - Recommended restaurant stocks include BJ's Restaurants, Inc. (BJRI), Wingstop (WING), and CAVA Group, Inc. (CAVA), all of which have seen positive earnings estimate revisions in the last 60 days and carry a Zacks Rank 2 (Buy) [2] - BJRI has an expected earnings growth rate of 23.8% for the current year, with a 9% improvement in earnings estimates over the past 60 days [7] - WING's expected earnings growth rate is 6.3%, with a 6.3% improvement in earnings estimates over the past 60 days [8] - CAVA's expected earnings growth rate is 38.1%, with a 5.5% improvement in earnings estimates over the past 60 days [10]
New Flavor with a Big Deal - Wingstop Kicks Off Summer with Mexican Street Spice LTO
Prnewswire· 2025-05-12 22:16
Fans can experience the Mexican street corn-inspired flavor with unbeatable 20 for $20 offering DALLAS, May 12, 2025 /PRNewswire/ -- Wingstop (NASDAQ: WING) is coming to the table with another bold flavor and a new big value, just in time for summer. Starting today, May 12, fans nationwide* can get their hands on Mexican Street Spice – a limited-time-only flavor inspired by the taste of Mexican street corn – available on Wingstop's latest 20 for $20 deal* featuring classic wings. Wingstop fans nationwide ca ...