McDonald’s, Starbucks, Yum Brands and other big restaurant chains could show improving sales, based on early results from rivals such as Chipotle Mexican Grill that improved despite dining rooms shuttered for months.
Chipotle Mexican Grill sales have risen 6.4 percent so far in July, the company reported on Wednesday.
Restaurants and bar receipts started 2020 at a record $65.55 billion in January, plunged to $30 billion in April - the lowest since December 2003 - and came back to $47.425 billion in June, according to the Commerce Department’s monthly retail sales report. Bloomin Chief Executive Officer David Deno told Reuters that “people want to go out... and you’re seeing that in our trends.”To be sure, with coronavirus cases hitting record highs, better sales are far from confirmed.
Separately, US dining food and supply orders in the United States had been recovering but dropped 15.4 percent during the week ending July 11 from the week before, as tracked by Buyers Edge Platform, a restaurant group purchasing organization and supply chain company.
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