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Drive-thru Dominates Even As Dine-in Restrictions Ease

FILE – In this July 15, 2019 file picture exhibits a Domino’s location in Norwood, Mass. Dominos Pizza noticed stronger U.S. same-store gross sales within the July-September interval, indicating clients choice for drive-thru and supply remained robust at the same time as lockdown restrictions eased. Dominos mentioned its U.S. same-store gross sales jumped 17.5% within the July-September interval, higher than the 16% development it noticed within the second quarter. (AP Photo/Steven Senne, File)

Even with cities like New York stress-free guidelines for eating in, gross sales figures from chains like McDonalds and Dominos Pizza on Thursday recommend that most individuals proceed to favor protecting their distance.

Even with cities like New York stress-free guidelines for eating in, gross sales figures from chains like McDonalds and Dominos Pizza on Thursday recommend that most individuals proceed to favor protecting their distance.

Comparable-store U.S. gross sales at McDonald’s rose 4.6% within the three months ending in September, after a decline of 8.7% within the second quarter.

At Domino’s the identical determine, from U.S. shops open no less than a yr, jumped 17.5%, topping the 16% development within the earlier quarter.

In distinction, at abroad McDonalds places, the place drive-thru home windows are much less frequent, same-store gross sales dipped in contrast with a yr in the past. In McDonalds key European markets of France, U.Okay. and Germany, for instance, simply two-thirds of eating places provide drive-thru.

Domino’s mentioned its same-store gross sales abroad climbed 6.2% as shops in hard-hit markets like India and Spain reopened and extra enterprise migrated to supply.

Nearly all U.S. McDonalds have drive-thru home windows and its supply enterprise is rising. Domino’s, a pioneer within the supply enterprise, has additionally launched car-side supply at almost all U.S. shops.

Fast meals chains have executed significantly better all through the pandemic in contrast with chains that rely in eating rooms virtually solely.

Visits to full service, sit-down eating places plummeted 48% within the second quarter year-over-year, in contrast with a decline of solely 17% decline in the identical interval for quick meals chains, based on NPD Group, a knowledge and consulting agency.

This week Ruby Tuesday, the restaurant chain identified for its salad bar, filed for chapter safety. California Pizza Kitchen filed for chapter safety in July, whereas the guardian firm of the Chuck E. Cheese pizza and leisure chain filed for chapter in June. Steakhouse chain Sizzler additionally declared chapter final month.

The shift in shopper habits has been so drastic, NPD mentioned it expects full-service restaurant chains to start including drive-thru home windows and to beef up supply even after the pandemic ends.

When mixed with worldwide gross sales, McDonald’s same-store gross sales fell 2.2%. Still, that was considerably higher than the second quarter, when same-store gross sales fell 24%. It additionally beat Wall Street expectations of a 4.7% decline, based on analysts polled by FactSet.

McDonalds, primarily based in Chicago, will launch third-quarter earnings on Nov. 9.

Dominos, primarily based in Ann Arbor, Michigan, mentioned that quarterly gross sales rose 18% to $968 million, beating Wall Street projections. But its per-share earnings of $2.49 fell brief, partly as a consequence of COVID-related prices, together with enhanced sick pay and compensation for staff.

Domino’s shares fell 7% to $401.85 Thursday. McDonald’s shares had been flat at $224.36.

Disclaimer: This publish has been auto-published from an company feed with none modifications to the textual content and has not been reviewed by an editor

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