Despite strong second-quarter results, many companies were hit hard by investors as forward-looking expectations were cautious
Despite posting increased sales and profits in the second quarter, many of the restaurant industry’s largest companies did not sound optimistic that strong trends would continue and were cautious on the economic and consumer environments for the second half of the year. Restaurants’ gains in sales and profits in the second quarter were all hard-won, executives said, as consumer confidence continues to waver in markets across the globe, spurring brands to take menu price ...
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