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Business

Nidhi Agarwal

The Best and Worst Restaurant Stocks to Own

Arco Arcos Dorados Holdings Inc McDonald

Although online food delivery has bolstered the restaurant industry, declining purchasing power and high inflation might dampen its near-term prospects. While I think Arcos Dorados Holdings Inc. (ARCO) could be an excellent addition to your portfolio, Kura Sushi USA, Inc. (KRUS) might be best avoided, given its fundamental weakness.

As per the National Restaurant Association’s 2023 State of the Restaurant Industry report, the food service industry is forecast to reach $997 billion in sales in 2023, driven partly by higher menu prices.

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