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Analysts see start of restaurant recovery

Analysts see start of restaurant recovery

NEW YORK After more than two years of slow sales and anemic guest traffic for restaurant operators, Wall Street analysts say a recovery in consumer spending may finally be here.

“We officially declare that ‘the restaurant consumer recovery’ began in March 2010,” said Cowen & Co. analyst Paul Westra in an analyst note this week.

Westra said same-store sales appear to be rising at restaurant chains, a phenomenon he witnessed in 2003 as the industry

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