Despite macroeconomic challenges, the long-term forecast for the restaurant industry remains positive. So, investors looking for quality restaurant stocks can consider buying Starbucks Corporation (SBUX). However, I think it could be wise to wait for a better entry point in Krispy Kreme, Inc. (DNUT), considering its weak fundamentals.
According to the National Restaurant Association’s 2023 State of the Restaurant Industry study, the food service industry is forecast to reach $997 billion in revenues in 2023, with a projected rise of 500,000 jobs, despite rising food costs and increased competition.
