Reports Strengthening Sales Trends – Announces 2020 Q1 Financial Results
Provides Business Update Related to COVID-19
otal Revenue Grew 8% to $143.2 Million – System-wide Year-Over-Year Unit Growth of 32%
POPEYES delivers system-wide sales growth of 32% led by the Chicken Sandwich
Dunkin' U.S. comparable store sales decline of 2.0%; comparable store sales growth of 3.5% in the first 10 weeks of the quarter, including positive ticket and traffic, was offset by a comparable store sales decline of 19.4% in the last three weeks of the quarter
Despite 10 consecutive weeks of positive comparable same-restaurant sales and 9 consecutive weeks of positive comparable traffic since the beginning of 2020, Applebees comparable same-restaurant sales decreased 10.6% for the first quarter of 2020.
Q2 Consolidated Net Revenues of $6.0 Billion, Down 5% from Prior Year Due to Adverse Impact of COVID-19
Due to the unprecedented circumstances, the Company reported its comparable sales results for the first quarter ended March 31, 2020, ahead of its quarterly earnings announcement planned for May 13, 2020, when the Company will provide a further update on its business and financial results.
Q1 Comps Grew 3.3%, Digital Sales Grew 80.8% and Accounted for 26.3% of Sales
Shake Shack Inc. (NYSE: SHAK), announced preliminary results for the fiscal first quarter of 2020 and provided an update today on the impact of the COVID-19 pandemic on its business, together with additional measures the Company has taken to enhance its financial liquidity.