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sales

Financing

New menu helps Outback reclaim 93% of year-ago sales

Parent company Bloomin' Brands also revealed that it plans to expand the steakhouse's fast-casual spinoff, Aussie Grill.

Financing

Consumers appear more comfortable dining out

A survey suggests consumers’ comfort with eating at restaurants has hit a post-pandemic peak despite continued concerns about COVID-19

Restaurants with reopened dining rooms have recaptured 83.9% of their pre-COVID sales.

Spending is slowing in other areas, too, according to Facteus, potentially suggesting an impact from the loss of enhanced unemployment benefits.

Sales turned positive last week for the first time since March, according to Facteus, despite the loss of stimulus payments. RB’s The Bottom Line has one possible explanation.

Milwaukee businesses will forgo $186.5M, and Charlotte will lose $289.2M.

Sales are recovering slowly, but remain well below last year’s numbers, and full recovery could take time.

A sampling of recent weeks’ earnings announcements from a variety of small-cap companies and their brands.

Benchmarks suggest continued gradual improvement in industry sales, with fast food leading the way. But concerns remain.

Same-store sales were down 57.2% for the second quarter as dine-in returned and off-premise remained strong.

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