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THIS JUST IN
Restaurant Operators' Outlook Worsens by Karlene Lukovitz 44 minutes ago |
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The National Restaurant Association is not adjusting its official 2009 outlook as a result of the November data, although it will make adjustments during the year if conditions warrant. The outlook, released in mid December, calls for total U.S. restaurant sales to grow 2.5% to $566 billion next year, which in inflation-adjusted terms translates to a decline of 1%. Inflation-adjusted sales also declined 1% last year.
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TOP STORY
S&P: Large QSRs Positive, Casual Chains Weak
by Karlene Lukovitz |
S&P's analysts noted that McDonald's and Burger King each achieved "meaningful" same-store sales increases last year, reflecting their leveraging of breakfast, snack and late-night opportunities. In addition, their stable-to-improved margins reflected their advantages as franchisors that directly operate only small percentages of their total restaurant systems.
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