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StockNews.com
Business
Kritika Sarmah

3 Restaurant Stocks to Buy for 2023 and 1 to Avoid

While labor shortage has been marring the restaurant industry, according to a forecast by restaurant consultancy Aaron Allen & Associates, up to 82% of restaurant positions could, to some extent, be replaced by robots. Automation is likely to save U.S. fast-food restaurants more than $12 billion in annual wages, the group said.

Moreover, the growing prominence of hassle-free online delivery, various discount offers, convenient payment options, etc., is driving the online food delivery market in the United States. IMARC Group expects the market to reach $46.50 billion by 2028, exhibiting a CAGR of 10% during 2023-2028.

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