NEW YORK After more than two years of slow sales and anemic guest traffic for restaurant operators, Wall Street analysts say a recovery in consumer spending may finally be here. “We officially declare that ‘the restaurant consumer recovery’ began in March 2010,” said Cowen & Co. analyst Paul Westra in an analyst note this week.Westra said same-store sales appear to be rising at restaurant chains, a phenomenon he witnessed in 2003 as the industry came out of a recession. Following a gain in ...
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Contact: Desiree Torres Desiree.Torres@penton.com