BUZZ- Gordon Haskett sees mixed year for US restaurants in 2026, Yum Brand up after upgrade
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Gordon Haskett predicts a mixed year for U.S. restaurants in 2026, with lower-income and younger consumers facing challenges. Consumer demand is expected to remain soft, but the One Big Beautiful Bill Act may boost income for middle and upper-income groups. Haskett favors Brinker International, Dutch Bros, and Shake Shack for their strong same-store sales. Yum Brands was upgraded to "buy" due to potential benefits from a Pizza Hut divestiture, while Chipotle was downgraded to "hold" as traffic is expected to decline. The S&P 500 Restaurants sub-index is projected to fall in 2025.
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