As fourth-quarter earnings season comes to a close and restaurant companies provide outlooks into 2013, warnings on sales softness continues. Driven by a drop in consumer spending, mainly because of increased payroll taxes and rising gas prices, February sales were challenged, according to restaurant securities analyst Andy Barish at Jefferies Group Inc. RELATED • How budget sequestration could impact restaurants • Restaurant operators upbeat on sales, ...
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Contact: Desiree Torres Desiree.Torres@penton.com