facebook pixal

sales

Financing

What will a second shutdown do to restaurants?

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.

Financing

Big chains have already recovered from the quarantine

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.

Sales rose 29% in May from April’s low, suggesting the industry has found a bottom, but it remains well below normal.

Re-openings are being welcomed, but tentatively, and operators expect to be unprofitable through the end of the year.

Sales at the 873 units with reopened dining rooms have risen to within 10.8% of the year-ago level, parent Brinker International says.

The damage was severe for operations in cities that were hard hit by the protests, new research shows.

  • Page 2