The past quarter’s rebound in sales, traffic and stock prices across the restaurant industry should continue through 2011, albeit at a slow, steady pace, securities analyst Jeffrey Bernstein of New York-based Barclays Capital said in a report Tuesday. Even more, restaurants could realize a greater upside in the coming year if they sustain traffic-driving momentum and take appropriate pricing measures to combat wage and commodity inflation, he said. “Over the past three to six ...
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Contact: Desiree Torres Desiree.Torres@penton.com