NEW YORK Higher menu prices and lowered earnings expectations are in the cards for many restaurant companies, given their experiences in the second quarter and an increasingly challenging business environment. Restaurant stocks followed the Dow lower and lower during the week of July 23, as second-quarter earnings reports and other corporate news underscored the double whammy of rising costs and stalled sales. Only superstars like McDonald’s Corp. and ongoing turnaround stories like ...
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Contact: Desiree Torres Desiree.Torres@penton.com