Fast food and coffee chains reported their latest quarterly earnings this week—namely McDonald’s, Yum Brands, Restaurant Brands International, Starbucks, and Dunkin’—providing a clearer picture of the repercussions the coronavirus pandemic has had on the industry.
Notably, same-store sales at several chains that broke out numbers for when stay-at-home orders began to be issued largely fell between 25% and 35%.
Bucking the prevailing trend, however, were Domino’s Pizza and Restaurant Brands International’s Popeyes.
The chicken chain’s same-store sales grew a mouthwatering 26% during the overall quarter, as the allure of its chicken
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Spring Special
Save 30% Off an ADWEEK Subscription Today!
Already a member? Sign in