Improved sales expected in next round of restaurant earnings

Improved sales expected in next round of restaurant earnings

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

Restaurant industry watchers at Morgan Keegan Equities Research expect the upcoming round of third-quarter earnings reports to show improved earnings and sales, even as economic headwinds remain.

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 tr

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