Escalating costs, soft sales hurt second-quarter outlook

SAN FRANCISCO —The outlook for second-quarter financial results, which are expected to begin flooding in this week and next from the restaurant industry’s largest public companies, is not good, according to industry observers.

With increased gas prices and declining home sales and values hurting consumer sentiment and spending, and escalated commodity and labor costs eating away at bottom lines, many operators are reeling from the one-two punch. —

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