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Furthermore, owing 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 $3978.83 billion by 2026, registering a 4.7% CAGR. As popular restaurant chains continue to invest heavily in innovating their food categories to meet consumers’ changing needs and bulk up their digital, delivery, and curbside channels to win more customers, they should garner sustained growth.
Therefore, we think financially sound Mexican restaurant companies, Chipotle Mexican Grill Inc . (NYSE:CMG), Yum! Brands Inc . (NYSE:YUM), Fiesta Restaurant Group Inc . (FRGI), and Del Taco Restaurant Inc. (TACO), with their iconic brands, are well-positioned to optimize their revenues.
