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sales and profits

Operations

Darden provides a glimpse of COVID’s impact

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.

Financing

Restaurants are already seeing traffic declines over coronavirus

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.

Tables will be set aside on a limited basis for prebookings, a move intended to draw more convenience-driven patrons.

Suitors have come forth for Bloomin’ Brands’ Brazilian operations, but not for the company as a whole, officials say.

In some respects, the strategy is far from textbook.

The company’s chicken sandwich was one of the best new-product introductions in fast-food history.

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