Analyst: Casual chains could benefit from rebates

ATLANTA Olive Garden, Red Lobster and Texas Roadhouse are expected to benefit most from increased consumer spending spurred by the federal stimulus rebate checks hitting bank accounts, according to a Tuesday report from RBC Capital Markets Corp. restaurant analyst Larry Miller. In a note to investors, Miller said that based on a monthly in-house survey, consumers still plan to spend only one-third of their rebate checks on discretionary items, while two-thirds will be earmarked for ...

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