Wall Street applauds brands’ candor about tough times

Wall Street applauds brands’ candor about tough times

As public restaurant companies ride out the violent swings of the rattled stock market, operators are changing the way they speak to Wall Street, laying bare faults that a few years ago would have been viewed by investors as the kiss of death.

Call it a new kind of transparency. Instead of focusing on growth as the Street traditionally has demanded, restaurateurs who answer to shareholders today are highlighting painful steps being taken to position their companies for future prosperi

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