The Biggest Restaurant Chain Winner And Losers Of The Pandemic

We all know the difficulties restaurants have had to endure during the last year. There have been closures, capacity restrictions and permanent closing of establishments all across the U.S. Many chain restaurants had their problems, but there were some that fared better than others.Nation’s Restaurant Newsdid an analysis of the largest chains and here’s what they found regarding who did well and who not so much.Here are the winners:

• Popeyes– fared very well bringing in $4.58 billion in sales, a 20% net increase
• Wingstop–posted a 21% sales increase and a net of $1.6 billion
• Domino’s– up 11% to $7.35 billion
• Papa John’s– up 19% to $3.48 billion

The restaurants that didn’t do so well were many sit-down establishments that didn’t transition into takeout and delivery:

• The Cheesecake Factory– fell over 28% to $1.53 billion in sales
• IHOP– lost 25% of sales and had sales of $2.51 billion
• Applebee’s– the biggest loser surveyed with a 31% decrease in sales to $2.78 billion

It’s pretty evident that the dining habits of Americans has changed over the past year and it remains to be seen if this is a permanent trend or if things go back to the “old normal”.

Source:Nation's Restaurant News