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, ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now.We promise it will only take a few minutes!
Questions about your account or how to access content?