- There's a lot to digest for restaurant stock investors after conflicting data from the Commerce Department and Black Box Intelligence on April U.S. sales levels.
- The government's tabulation of restaurant sales for April came in at a healthy +5.2% Y/Y, while Black Box reported same-store sales were down 1.0% on a 3.5% dip in traffic during the month. A higher industry-wide store count accounted for some of the difference.
- Two trends that almost analysts agree on are that restaurant sales in energy-dependent markets have weakened and McDonald's is taking market share at scale.
- Restaurant stocks: CAKE, CBRL, DNKN, DPZ, DRI, EAT, JACK, MCD, PNRA, RRGB, RT, SONC, WEN, BWLD, BDL, NATH LUB, QSR, CHUY, BLMN, PZZA, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN, HABT, NDLS, BOJA, PBPB, PLKI, FRSH, RAVE, LOCO, TACO, PZZA, KONA, BGR, BJRI, CHUY, FRS, CBRL, GTIM, TAST, ARKR, WING, BOJA, ZOES, PLAY, FOGO, ARCO, STKS, ARKR, BLMN, RICK, KONA, JAX, TAST, FRGI, CMG, DIN, PLAY, YUM, PFGC, BH-OLD.
- Related ETF: BITE
- Previously: Market share gains and share rally goes hand in hand at McDonald's (May 12)
The up and down of U.S. restaurant sales
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Symbol | Last Price | % Chg |
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CAKE | - | - |
The Cheesecake Factory Incorporated |