Published on 29 May 2024 on Zacks via Yahoo Finance
The U.S. restaurant industry staged a solid turnaround in 2023 and sales have since been on the rise. The uptrend continues despite rising price pressures and growing concerns over inflation.
The Commerce Department reported that sales at U.S. food and drinking places totaled $94.3 billion in April, up 5.5% year over year. Sales from February through April totaled $ 36.7 billion.