UBS Finds Low-Income Confidence Rebounding As Dining Deferrals Diminish

The U.S. restaurant industry is entering the second half of the year with renewed momentum, supported by improving sales trends, easing headwinds, and a rebound in confidence among lower- and middle-income consumers, according to a new note from UBS. This comes after lower-income consumers saw their wallets squeezed and sentiment plunged in the wake of the inflation storm sparked by the previous administration.