Restaurant chains with later fiscal-year ends offer early look at pandemic’s effects
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The country’s largest restaurant chains grew their aggregate U.S. systemwide sales 3.8% in their latest completed fiscal years, to $313.5 billion, overcoming both early impact of the pandemic and slowing growth in key metrics.
Those results, presented as part of Nation’s Restaurant News’ annual Top 200 report, bested the 3.6% growth rate, to $301.9 billion, seen in a year earlier.
The report, which covers fiscal years ending in late 2019 and early 2020, largely represents a pre-coronavirus world. But it does reveal some clues to the potential scope of the pandemic’s impact on restaurant sales.
Of the 200 brands included in this year’s report, 21 chains have fiscal years ending after the mid-March launch of governmental restrictions to limi...
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