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sales and profits

Financing

Off-premise proves an effective bridge for casual dining

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

Operations

Denny's feels the pinch of limited reopening capacities.

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.

The parent of Olive Garden and LongHorn Steakhouse detailed how it has changed operations to temper the wallop, and warned of the potential damage if the situation worsens.

Growing restrictions and fear are keeping people at home as more than two-thirds of operators tell Black Box their traffic is down.

Operators need to cut costs, focus on takeout and delivery and think outside the box as they face a long period with little sales.

The casual chain posted a 2.9% comp gain and a 5.4% rise in revenues, but investors wanted to learn more about pandemic what-ifs.

Same-store sales in the country fell 78% in February, though 90% of stores are now open, and sales are improving as life slowly returns to normal.

IHOP will also tout its bargains, and both brands will make a push for more catering business, according to their parent company.

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