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Financing

Consumers likely to cut back on restaurants in a coronavirus pandemic

A Technomic survey reveals that Americans are paying close attention to the topic, even as they are uncertain about what to do.

Financing

Travel restrictions and event cancellations spread along with coronavirus

Yum has told executives to limit their travel, while other companies postpone events to prevent the virus’s spread.

Restaurants are expected to generate almost $900 billion in sales in 2020, led by quick-service restaurants and takeout.

Same-store sales grew last month, according to Black Box, and the industry kept on hiring.

The burger chain has lost 13% of its same-store customer count over the past seven years, even as store count has shrunk, says RB’s The Bottom Line.

Franchisee Carrols Restaurant Group said its Popeyes same-store sales were up more than 21% last quarter, while Burger King underperformed.

A late Thanksgiving, and not organic sales, gave November the appearance of a strong month, so expect a chilly December.

Fast-food chains and larger concepts won the third quarter, leaving smaller, mostly casual-dining chains behind, says RB’s The Bottom Line.

The chicken sandwich chain’s charitable arm has shifted its spending priorities and will not fund controversial groups next year.

But the industry’s same-store sales have stabilized in recent months.

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