© Reuters. You like tacos? These are these 4 actions of Mexican restaurants with purchase rating
As people resume face-to-face socializing, with nearly half of the US population now fully vaccinated, restaurant operators are generating significant revenue growth. Some examples are the popular Mexican fast food giants Chipotle Mexican Grill (CMG), Yum! Brands (YUM), Fiesta Restaurant (NASDAQ 🙂 and Del Taco Restaurant (TACO). We believe they are prepared to capitalize on the continued recovery in the industry. So these actions could be solid bets now. As people gradually return to dining out now that nearly half of the US population is fully vaccinated against COVID-19, the restaurant industry. is experiencing a steady spike in sales. Additionally, as many restaurant operators quickly adapted to changing consumer preferences through the establishment of robust home delivery networks and self-service services, their order volumes have increased significantly.
Furthermore, due to an increase in consumer spending, the sector is expected to continue growing in the coming months. The global foodservice market is expected to reach $ 3,978.83 billion by 2026, registering a CAGR of 4.7%. As popular restaurant chains continue to invest heavily in innovating their food categories to meet changing consumer needs and grow their digital, delivery and curbside channels to win more customers, they should see sustained growth.
Therefore, we believe that financially strong Mexican restaurant companies, Chipotle Mexican Grill Inc . (NYSE :), Hmm! Brands Inc . (NYSE :), Fiesta Restaurant Group Inc . (FRGI) and Del Taco Restaurant Inc. (TACO), with their iconic brands, are well positioned to optimize their revenue.
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