sales and profits

Financing

Fewer items mean profit improvement for Outback Steakhouse's owner

Bloomin’ Brands sales continued to improve, and it saw little impact on sales as coronavirus spread rapidly in Florida and Texas.

Financing

Del Taco is in no hurry to reopen its dining rooms

The Mexican fast-food chain said "the worst may be behind us" as its sales turn positive in July.

The digital order prep areas are bringing in $1 million a year on their own per store, giving the fast-casual chain room for menu innovation and more.

But the fast-casual chain’s digital business more than tripled, and the company's sales turned positive in June and July.

Sales and profits plunged last quarter and many restaurants remain closed, but cost cuts led to improved margins at open locations.

The chain’s U.S. same-store sales rose 16% last quarter, and it hopes a new chicken wing recipe and car-side delivery will help keep that business in the future.

Takeout and delivery have helped many of the segment's big brands weather the lockdown of dining rooms. Will that momentum continue?

The increased sales amount to about $900 a day. The added costs can run $500 to $1,000.

Stores in Texas have generated $20,500 in weekly on-premise sales, even with three of every four seats out of use.

Off-premise sales are running at an annual rate of about $4 million a year.

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