More negative unit growth in 2011 could bring restaurant industry positive results
The U.S. restaurant industry is still overbuilt, according to an analyst report from Barclays Capital, but expected unit contraction in 2011 may bring restaurants closer to a sustainable supply-demand equation with consumers. Jeffrey Bernstein, a securities analyst with New York-based Barclays, is forecasting another year of contraction for the restaurant industry, projecting a decline in total unit count of between 0.5 percent and 1 percent. He added that many of the public restaurant ...
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