Weak Demand for Supermarket Prepared Foods: Analyst

Contrary to some expectations, supermarket prepared foods departments are not seeing much benefit as the result of the economic downturn, a financial analyst said Monday.

NEW YORK — Contrary to some expectations, supermarket prepared foods departments are not seeing much benefit as the result of the economic downturn, a financial analyst said Monday.

“Food retailers are not seeing a lot of benefit from restaurant customers eating out less and going to the grocery store to buy prepared foods,” said the analyst, Karen Short, of Friedman, Billings, Ramsey & Co., during a conference call reviewing recent financial reports and remarks from public

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