Positive.

From Nasdaq: 2024-10-23 09:35:00

The restaurant industry faced challenges in Q3 of 2024 due to economic factors, but quick-service restaurants focusing on value have shown resilience amid increased competition and promotional campaigns. Companies adopting digital innovation and new menu items saw growth and improved customer experiences. The Zacks Retail-Wholesale sector is expected to see a 4.2% increase in Q3 earnings, with companies like CAVA Group, Wingstop, and Chipotle expected to beat estimates. Despite challenges in certain markets, the industry remains optimistic, emphasizing premium experiences and efficiency improvements through innovation and digital advancements.



Read more at Nasdaq:: 3 Restaurant Stocks Likely to Surpass Q3 Earnings Expectations