MCD - 3 Top Restaurant Stocks to Buy in November
Heading into the end of 2019, it's becoming increasingly difficult to find companies to add to a portfolio as 2020 is looking to be full of strong political headwinds and continued trade tensions. Despite these difficulties, it is possible to find worthy investments that can weather the potential big issues coming in the next year and enrich your portfolio while doing it. For instance, here are three restaurant stocks with confident 2020 forecasts -- including revenue, net income, and earnings-per-share growth -- to consider buying and holding for the long-term.
The introduction of the Mobile On-the-Go platform in addition to premium espresso drinks and breakfast sandwiches is having a positive effect on Dunkin' Brands (NASDAQ: DNKN).
Dunkin' Brands opened 78 new locations during the recent quarter, totaling more than 13,000 Dunkin' and 8,100 Baskin Robbins locations. Comparable sales growth was 1.5%, which is expected to improve with upcoming remodels to each location. Dunkin' is remodeling 500 stores in 2019 -- upgrading the appearance and increasing the output of high-profit-margin items such as cold-brew drinks and baked goods.