SBUX - Quick service restaurants face disgruntled consumers and nervous investors
2024-07-21 09:00:00 ET
Restaurant stocks have been on the defensive over the past 2 months, and while the erosion in the S&P 500 Restaurant Industry Index is clear, the reason why is less so. Data showing a deterioration in consumer sentiment (University of Michigan, Conference Board) and a slowing in consumer spending is most likely the leading culprit. ...
Quick service restaurants face disgruntled consumers and nervous investors