In Charge 2022: Food
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Source: nashvillepost.com
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J. Alexander's execs pull Q4 guidance
Renewed COVID restrictions have sales slipping, burn rate climbing The steep rise in COVID-19 cases across the country has put a hefty dent in the sales recovery at J. Alexander’s Holdings, executives of the restaurant company said Monday while withdrawing their $5 million fourth-quarter cash flow forecast. The new or renewed restrictions on restaurants’ seating capacity means 10 of the 46 J. Alexander’s locations now cannot host diners indoors. That has revenues — which had climbed to 90 percent of prior-year levels in September and October — to slide. They were down 20 percent yea...
Source: nashvillepost.com