The restaurant industry is expanding rapidly due to technology integration, growing eating-out trends, changing customer preferences, availability of diverse cuisines, and increasing disposable incomes. The industry’s growth is expected to be driven by off-premise traffic, which includes takeout, drive-thru, and home deliveries.
Furthermore, the industry aims to drive growth by offering personalized and curated experiences, experiential dining, and sustainable and healthier options. The top restaurant stocks, McDonald’s Corporation (MCD) and Starbucks Corporation (SBUX), reported their recent earnings. In the first quarter, MCD’s EPS missed Wall Street estimates by 1%, but its revenue came marginally above Street estimates.
