Recent reports indicate sales, consumer spending remain stalled
A recent string of disheartening economic reports and soft sales trends at some of the restaurant industry’s biggest chains is mounting evidence that the economic tide has not yet turned and the long wait for recovery continues. Early sales reports in recent weeks from three restaurant companies, Darden Restaurants Inc., California Pizza Kitchen Inc. and Sonic Corp., indicate that consumers are still being cautious about spending on a meal out. Meanwhile, other reports show that ...
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