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Furthermore, after being confined at home for almost a year in compliance with lockdown mandates, people are expected to heartily embrace dining out again now that a mass vaccination drive is in full swing and appears to be effective. Indeed, the global market for full-service restaurants is expected to grow at a 4.7% CAGR over the next six years to hit $1.7 trillion in 2027.
The recovery from the pandemic and the expected economic growth this year have driven a rally in restaurant stocks McDonald’s Corporation (NYSE:MCD), Yum! Brands, Inc. (YUM), and Restaurant Brands International Inc. (QSR). Given that these companies are supercharging their advertising and digital platforms, we believe they are uniquely positioned to soar further.
