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Over the last three months, restaurant stocks have come under pressure due to consumer pushback against higher prices. Consumers are pulling back and opting for value, leading to declines in same-store sales. Still, this is a bifurcated industry where some players are thriving in this challenging environment.
To be sure, the last quarter was difficult for restaurants with high-end pricing. Starbucks (NASDAQ:SBUX) was a classic example, falling over 10% after reporting disappointing earnings on ...
>>> Read more: 3 Restaurant Stocks to Buy on the Dip: July 2024
To be sure, the last quarter was difficult for restaurants with high-end pricing. Starbucks (NASDAQ:SBUX) was a classic example, falling over 10% after reporting disappointing earnings on ...
>>> Read more: 3 Restaurant Stocks to Buy on the Dip: July 2024
