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Moody’s Upgrades Its 2021 Outlook For Chain Profits

Written by The Ashton Report

The folks at Moody’s Analytics are feeling somewhat better about the prospects for profits at the country’s leading restaurant chains net year. Chain profits have fallen about 30% so far in 2020, but Moody’s expects them to rise 15% next year. As a result, the economic forecasting and ratings firm has boosted its overall outlook…

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