Sales at many restaurant chains were disappointing in last year’s fourth quarter and earlier this year. Among the contributing factors were poor consumer sentiment caused by the fiscal cliff negotiations in late 2012, and declining disposable income caused by the increase in payroll taxes at the start of 2013. Unfortunately, the political atmosphere is likely to remain a drag on restaurant demand at least for the near term. On top of the weaker sales environment, the uncertain ...
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Contact: Desiree Torres Desiree.Torres@penton.com