More restaurant jobs and the stimulus package foreshadow the industry's coming recovery

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Restaurants and bars gained 286,000 workers in February, the latest sign that the industry's recovery is on the horizon after a long, cold winter.

"What we've seen when those have been issued is that restaurants have been a beneficiary," Henkes said. "There's a pent-up demand from consumers."

Even with another stimulus package, Sharma isn't expecting the restaurant industry to snap back immediately once everyone has access to the Covid-19 vaccine, based on Australia's recovery. Technomic's latest forecast predicts that restaurants and bars' compound annual growth rate will shrink just 3.6% between 2019 and 2021.

Henkes said that he is looking to the Fourth of July as the inflection point marking when the restaurant industry's recovery will really start to accelerate.

 

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WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders!

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