Two restaurants end 115 locations
But sales in both catering channels increased almost every week from July to September.
Two of your favorite catering chains belong to the same company Brands Global, Inc. despite the improvement of sales, up to 115 years.Applebee andI JUMP Locations can close for good in the next six months, the company has revealed in its third quarter report.
Sales in both catering channels increased by up to each week from July to September, the company said in itsreport. However, it always recovers a fall of sale brought by the Cvid-19 pandemic earlier this year. Citing "the impact of the pandemic on the personal economy at the restaurants", the company plans to close less than 100 underperformantsI JUMP Locations in the next six months. In addition, 15Applebee The franchisees will close before the end of 2020. (These two channels are not the only ones to reveal closures - here is9 restaurant chains that have closed hundreds of locations this summer.)
"Closures are part of the normal business course of the industry, especially for a company of our size and footprint, and occur for many reasons - including a restaurant being in a varying commercial area where traffic characteristics dynamics are no longer present or as a result of leases expiring, among other reasons, "said a spokesman for Dine BrandsEat this, not that! "We are convinced that we will possibly replace these seriously underperforming locations with better-efficient restaurants that have closer volumes of pre-covident levels."
There is no information available on which locations will close for good, butWall Street newspaper The President of the IHOP reported Jay Johns told investors that "we have assessed only restaurants that do not underperforming that we currently believe are not viable out of the pandemic".
DINS brands also stressed in its Q3 report that things are looking for. At the end of September, 97% of national restaurants were open, said the company.
"We believe that the Applebee and the IHOP are well placed to rely on the impressive expansion of our off-local growth, return sales of restaurants to pre-pandemic levels and resume our strong growth history," said Steve Joyce Dine Joyce announced quarterly results.
Off-local sales continue to take into account a little work from each restaurant. Nearly 35% of sales at Applebee and IHOP from July to September were orders and delivery orders.
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Publisher Note: This story has been updated to include a dine trademark statement.
