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Analyst optimistic about restaurant growth

From Nation’s Restaurant News:

Improved sales expected in next round of restaurant earnings

Analyst: Chains still face higher commodity prices and shaky consumer confidence

October 6, 2010

Mark Brandau

While commodity price inflation looms on the horizon and the Consumer Confidence Index has retreated to its lowest level since February, Morgan Keegan analysts Robert Derrington, Destin Tompkins and Joe Drake think recent improving same-store sales at 15 of the restaurant companies the firm tracks should continue this quarter and into 2011.

Read the rest of the article here:

http://www.nrn.com/article/improved-sales-expected-next-round-restaurant-earnings

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