Restaurants expected to outline higher sales, future price hikes
Fourth-quarter earnings season kicks into full swing next week, and many restaurant companies are expected to report improving sales and profit, said restaurant securities analyst Jeffrey Bernstein of Barclays Capital. Restaurants also are likely to discuss plans to raise menu prices in 2011 to combat increased commodity costs, he said in a research note Friday. Bernstein listed 10 items to watch as companies report final results for 2010: 1. Earnings growth. Bernstein expects the restaurant ...
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