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sales

Financing

Restaurant sales are slowly returning

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

Financing

BJ’s steady growth hits hurdle with reclosures

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

Total industry sales increased 20% last month, but they remain well off pre-COVID-19 levels and uncertainty remains, says RB’s The Bottom Line.

Industry sales appear to have rebounded some last week, according to tracking data, with quick-service flat or rising.

A renewed virus and more shutdowns will hurt a lot more restaurants without further assistance, and the damage will be permanent, says RB’s The Bottom Line.

A Bank of America report suggests larger chains have already recovered their pre-pandemic sales, while smaller chains lag.

The government has announced that it will pick up 50% of consumers’ dine-in meals every Monday through Wednesday until September to stimulate re-hiring and the economy.

Its two chains saw similar sales shifts—one sharply up, the other steeply down

Sales tracking data suggest that industry sales are slowing as reopenings pause and the virus spreads, says RB’s The Bottom Line.

The fast-casual pizza chain continues to shrink as sales fell for the 18th consecutive quarter. Sister chain Pizza Inn also saw sales decline.

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