Restaurant Industry
The chief catalysts in the recent restaurant stock rally were better-than-expected earnings reports by Darden Restaurants (DRI), Brinker International (EAT), Ruby Tuesday (RT) and California Pizza Kitchen (CPKI). With the exception of Darden, however, the out-performance was driven by strong cost controls, decelerating commodity prices and conservative assumptions.
April 30, 2009 | Filed Under Analyst Opinions
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