As sales show signs of improvement, the industry turns to its next crisis: Labor
More than one year into the COVID-19 pandemic, the restaurants are finally starting to see some glimmers of hope.
According to Black Box Intelligence, the industry saw stronger two-year sales for the second consecutive month in April, with same-store sales growth of 6.8% on a two-year basis. That made April the best month for restaurants based on sales growth in over three years.
Restaurant companies’ earnings are beginning to reflect the same improvement. Most recent completed earnings periods included at least the last two weeks of March, leading to huge same-store-sales growth over the same period a year ago, when the country was on lockdown and restaurants were all but closed completely. Many companies also reported two-year growth, showing improvement over pre-pandemic 2019.
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BJ s Restaurants (BJRI) Q1 2021 Earnings Call Transcript
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BJ s plots expansion of Beer Club, virtual Slo Roast brand | Nation s Restaurant News
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BJ s Restaurants (BJRI) Q1 2021 Earnings Call Transcript
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