TXRH - Leisure and restaurant stocks fall as more companies fire off mask and vaccine rules
Investors are starting to factor in the near-term impact of mask regulations across industries. Local officials in various Delta COVID-19 hotspots have reinstituted mask rules, while a vaccination requirement is expected to be applied in New York City for indoor dining and gyms. Major U.S. companies like General Motors (GM +0.9%), Stellantis (STLA +4.4%) and Ford (F -0.2%) have reinstituted mask rules at their plants for employees, while McDonald's (MCD -1.5%) is requiring masks for employees and customers in some high-COVID transmission regions. Notably, Tyson Foods (TSN +0.4%) is requiring proof of vaccination for its U.S. workers. Theme park stocks SeaWorld Entertainment (SEAS -3.3%), Disney (DIS -2.0%), Six Flags Entertainment (SIX -3.0%) and Cedar Fair (FUN -2.4%) are all lower in early trading on traffic concerns. Dine-in restaurant names like Ruth's Hospitality Group (RUTH -3.7%), BJ's Restaurants (BJRI -5.6%), Cheesecake Factory (CAKE -4.5%), Dave & Buster's Entertainment (PLAY -2.7%), Brinker
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Leisure and restaurant stocks fall as more companies fire off mask and vaccine rules