Let’s turn to Alicia Kelso who has a rundown of the month’s earnings from Q1. From brands including McDonald’s and Chipotle Mexican Grill to companies like Dine Brands and Brinker International, chains have been reporting on traffic and sales. Overall, the result was positive despite the macroeconomic environment. While people often reduce spending during an impending recession or during times of high inflation, the American consumer does not seem deterred. In fact, spending was up at chains across the country as was traffic.
Alicia has more on the story.