Economics
Restaurants Get a Long-Awaited Boost as Stimulus Payments Flow
- Economic aid seen giving restaurants a much-needed lifeline
- Data, companies show there’s a clear rebound from December
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The beleaguered restaurant industry is experiencing a boost as $600 stimulus checks make their way into American households.
Restaurant sales were at their strongest since the start of the pandemic during the Jan. 4 to 17 period, according to the Facteus U.S. Consumer Spend Index, which tracks credit- and debit-card spending. TGI Friday’s, Dave and Buster’s Entertainment Inc. and Hooters of America have cited the stimulus when discussing higher demand.