Early fourth-quarter sales reports suggest unemployment and anemic consumer spending have continued to hamper sales growth for restaurant chains. With two investor conferences on the calendar last week, a number of restaurant companies released preliminary sales reports for the final quarter of 2009. Although many reported gains in total revenue from new restaurant openings, declines in same-store sales continued to stain companies’ results.Analysts had largely hoped to see some same-store ...
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Contact: Desiree Torres Desiree.Torres@penton.com