Brisk Sales Are Powering Restaurant Stocks

📆 01/03/2023 16:45:00
📰 WSJ

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Restaurant stocks have managed to thrive despite stubbornly high inflation and are among the year’s stronger performers

In the past decade, Chipotle has faced food-safety scandals, the coronavirus pandemic and the effects of inflation — yet sales are growing. WSJ explores how Chipotle has managed to thrive.U.S. consumers are still flocking to restaurants and bars. Lately, shareholders have been cashing in.

The restaurant industry usually fares well when labor and food costs rise gradually, and attracting customers with lower prices becomes easier. Even thoughContinue reading your article with

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Because they were on the floor two years ago

Because they can get away with charging astronomical prices. A medium iced coffee and a muffin at Starbucks is like $13 right now lol

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