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Financing

OpenTable data shows just how bad traffic is falling

Reservations plunged and sales fell as fear of the coronavirus kept people home and away from restaurants.

Financing

France and Spain close down their restaurants

The closures came as the countries take more drastic efforts to stop the spread of the coronavirus.

Investors continued to flee from the industry amid recession concerns and stock market volatility.

Black Box Intelligence said it expects weak sales this year amid steep declines in areas hit by COVID-19 and mounting risks of an economic slowdown.

A Technomic survey reveals that Americans are paying close attention to the topic, even as they are uncertain about what to do.

Yum has told executives to limit their travel, while other companies postpone events to prevent the virus’s spread.

Restaurants are expected to generate almost $900 billion in sales in 2020, led by quick-service restaurants and takeout.

Same-store sales grew last month, according to Black Box, and the industry kept on hiring.

The burger chain has lost 13% of its same-store customer count over the past seven years, even as store count has shrunk, says RB’s The Bottom Line.

Franchisee Carrols Restaurant Group said its Popeyes same-store sales were up more than 21% last quarter, while Burger King underperformed.

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