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Jonathan Maze

Executive Editor

Articles by
Jonathan Maze

Page 5
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.

Financing

Be scrappy: How restaurants can survive as their sales plunge

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

As the chain closes dining areas amid the spread of coronavirus, it is working to ensure its operators have the cash to get through a sales slump.

The company expects most of its operators to take the same stance amid growing demands to eliminate dine-in visits to stem the spread of the coronavirus.

Denny’s was the first U.S. chain to acknowledge that the coronavirus would impact its quarterly results.

The company said it is temporarily closing dining room seating over coronavirus fears, joining Starbucks in going takeout-only.

Maryland, New York, New Jersey, Connecticut and Kentucky have all restricted establishments to takeout and delivery as coronavirus disruptions spread.

He also said restaurants should cut their occupancies in half, but stopped short of ordering outright closure.

The chain is going to a takeout-only model to reduce the spread of the coronavirus as chains focus increasingly on drive-thru and delivery.

Reservations plunged and sales fell as fear of the coronavirus kept people home and away from restaurants.

Yum Brands, which also owns KFC and Pizza Hut, said it is “encouraging” its franchisees to take a similar step.

As local governments take steps to limit the coronavirus and sports teams cancel games, the industry faces a dramatic downturn, says RB’s The Bottom Line.

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