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Restaurants Are Packed Again. How Long Can Diners Push Earnings?

Por: MarketWatch Business July 23, 2023

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The bigger question heading into earnings is how long the sector’s momentum will last. Recent data suggests revenue growth slowed last quarter, wrote Wells Fargo analyst Zachary Fadem in a Wednesday note to clients. Foot traffic was also “choppier” this quarter, he added. Sales at food services and drinking places inched up 0.1% in June from the previous month, a slowdown from May’s 1.2% gain, according to the latest retail sales data.... + full article



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