Despite increases in delivery and pickup orders during the second quarter of 2020, revenue at US, restaurant chains declined significantly, when compared to 2019. as COVID-19-related government restrictions to in-restaurant dining continued to tamp down business.
In a recent report, S&P Global Market Intelligence said "much of the industry's recovery will continue to be held back as long as dining restrictions continue."
According to the report, the restaurant chains, which suffered after lockdowns and dining room closings in April due to the coronavirus, started to recover in May and June as states reopened economies. But that recovery stalled after an uptick in COVID-19 cases led to states walking back some of the reopening orders.
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Brenda Sapino Jeffreys
Senior reporter Brenda Sapino Jeffreys covers the business of law in Texas. Contact her at [email protected] On Twitter: @BrendaSJeffreys
