Big Restaurant Chains Quicker To Recover
Company Added
Company Removed
Apply to Request List

Big Restaurant Chains Quicker To Recover

Big Restaurant Chains Quicker To Recover

A new study by Bank of America Global Research reveals that big restaurant chains are recovering from the effects of Covid-19 more quickly than their smaller and independent competitors. Casual and fast-casual restaurants are struggling more than their fast-food counterparts.

The study, based on Bank of America credit and debit card holders’ restaurant spending habits, finds that spending at small chains and independent restaurants lagged behind large chains by about 20%. The report goes on to say big restaurant chains have largely recovered to their pre-pandemic sales levels.

Researchers collected restaurant sales data from February to July. Results showed that for the seven days ended July 1, spending at big chains was down 4% from a year ago, while spending at other concepts was down 25%.

Bigger chains have more locations and the capacity to offer more takeout options such as online ordering and drive-thru.

Published: July 21st, 2020

Share this Feature

MassageLuXe
SPONSORED CONTENT
MassageLuXe
SPONSORED CONTENT
MassageLuXe
SPONSORED CONTENT

Recommended Reading:

Comments:

comments powered by Disqus
American Freight
ADVERTISE SPONSORED CONTENT

FRANCHISE TOPICS

Marco's Pizza®
ADVERTISE SPONSORED CONTENT
Conferences
Caesar's Forum, Las Vegas
MAR 19-22ND, 2024

MOOYAH Burgers, Fries & Shakes (MOOYAH) is a fast-casual concept committed to providing the best-tasting burger experience possible by specializing...
Cash Required:
$500,000
Request Info
Charleys Philly Steaks is the #1 Cheesesteak Franchise in The World. We offer delicious, made-to-order food that is affordable without sacrificing...
Cash Required:
$175,000
Request Info

Share This Page

Subscribe to our Newsletters