December 8, 2023

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Fast-meals chains fare better in pandemic

story.lead_photo.captionFILE – This April 9, 2020 file picture demonstrates a McDonald’s indication in Wheeling, Ill. McDonald’s observed more robust U.S. exact same-retail outlet product sales in the July-September interval, indicating customers’ desire for generate-through and delivery remained solid even as lockdown limits eased. (AP Photograph/Nam Y. Huh, File)

Even with metropolitan areas like New York calming policies for dining in, revenue figures from chains like McDonald’s and Domino’s Pizza on Thursday counsel that most people today continue on to favor keeping their length.

Equivalent-store U.S. sales at McDonald’s rose 4.6% in the a few months ending in September, soon after a decline of 8.7% in the second quarter.

At Domino’s the identical determine, from U.S. outlets open at least a calendar year, jumped 17.5%, topping the 16% expansion in the previous quarter.

In distinction, at overseas McDonald’s locations, in which travel-via home windows are considerably less popular, identical-retail outlet product sales dipped when compared with a 12 months back. In McDonald’s key European marketplaces of France, U.K. and Germany, for case in point, just two-thirds of places to eat offer you travel-through.

Domino’s said its identical-retail store sales overseas climbed 6.2% as retailers in hard-hit marketplaces like India and Spain reopened and far more organization migrated to shipping and delivery.

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Just about all U.S. McDonald’s have push-via home windows and its shipping business is soaring. Domino’s, a pioneer in the shipping company, has also launched curbside shipping at practically all U.S. shops.

Speedy food chains have carried out significantly much better during the pandemic compared with chains that rely on dining rooms nearly solely.

Visits to complete support, sit-down dining establishments plummeted 48% in the 2nd quarter calendar year-in excess of-yr, in comparison with a drop of 17% in the very same period of time for speedy food items chains, according to NPD Group, a info and consulting firm.

This 7 days Ruby Tuesday, the cafe chain identified for its salad bar, submitted for individual bankruptcy security. California Pizza Kitchen area submitted for bankruptcy defense in July, when the parent enterprise of the Chuck E. Cheese pizza and enjoyment chain filed for bankruptcy in June. Steakhouse chain Sizzler also declared personal bankruptcy very last month.

When merged with global income, McDonald’s similar-retailer product sales fell 2.2%. Continue to, that was noticeably better than the 2nd quarter, when identical-retailer revenue fell 24%.

McDonald’s, based in Chicago, will launch 3rd-quarter earnings on Nov. 9.

Domino’s, dependent in Ann Arbor, Mich., mentioned quarterly sales rose 18% to $968 million, beating Wall Avenue projections. But its per-share earnings of $2.49 fell small, partly simply because of covid-relevant expenditures, which includes improved sick pay back and payment for staff.

Domino’s shares fell 7% to $401.01 Thursday. McDonald’s shares were being fell .3% to shut at $225.80.


FILE – In this July 15, 2019 file picture shows a Domino’s location in Norwood, Mass. Domino’s Pizza observed more powerful U.S. similar-retail store profits in the July-September period of time, indicating customers’ choice for push-via and delivery remained potent even as lockdown limits eased. Domino’s claimed its U.S. exact-shop product sales jumped 17.5% in the July-September interval, greater than the 16% growth it saw in the next quarter. (AP Picture/Steven Senne, File)

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