Commodity costs stable, but pricing power falls

Commodity costs stable, but pricing power falls

BOSTON Most of the largest chains in the restaurant industry say 2010 commodity costs are likely to remain flat from 2009 levels, or rise only slightly, according to a new report from restaurant securities analyst Jeff Farmer at Jefferies & Co.

While the stable commodity costs will continue to drive earnings improvement, companies will not benefit as much as they did this year because they hold less pricing power, or the ability to raise menu prices, as sales remain

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