McDonald’s and other restaurant chains look to the Sun Belt for growth as population soars
Publishing timestamp: 2024-03-09 08:00:01
Summary
Restaurant chains and other businesses are looking to the Sun Belt states for future sales growth as population in those areas continues to climb. Chains like Portillo's and McDonald's are seeing stronger sales in states like Texas, Arizona, and Florida compared to the Midwest and Northeast. Other companies, such as American Airlines and Macy's, are also updating their strategies to reflect the population shift towards the Sun Belt. The region's reputation for being business-friendly is also attracting more companies to expand into the area.
Sentiment: POSITIVE
Tickers: SBUX, AAL, CMG, M, PTLO, BROS, MCD,
Keywords: macy's inc, american airlines group inc, starbucks corp, chicago, mcdonald's corp, united states, breaking news: business, chipotle mexican grill inc, retail industry, restaurants, new york city, new york, portillos inc, lifestyle, dutch bros inc, business news, business,
Source: https://www.cnbc.com/2024/03/09/mcdonalds-portillos-dutch-bros-open-restaurants-in-the-sun-belt.html