Lower-than-expected May same-store sales and concerns that competition and gas prices will worsen before they get better have operators bracing for a summer season that’s not so hot.As disappointing late-spring same-store sales reports rolled in, reflecting difficult times across several segments, some operators disclosed plans to ramp up value menus. Many reduced profit projections. Casual-dining chains in particular remained locked in their prolonged slump.“Early same-store sales results ...
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