The days are numbered for restaurants around the world. Or so it seems.
The COVID-19 pandemic has hit the industry hard.
As lockdown measures were implemented globally, dining in has become a casualty of the war against the virus.
Without customers dining in, most restaurants have suffered a sharp loss of revenue.
According to the US Census Bureau, overall revenue for food services and drinking places fell by as much as 55% from January to April.
Source: US Census Bureau
The industry has since recovered from its April lows.
However, sales for overall US-based restaurants remain depressed, lingering well below 20% of its pre-pandemic sales.
But even as the sector’s revenue was cut in half in April, the impact on restaurants has been uneven.
Not all restaurants suffered the same fate.
In fact, a select group grew even faster as lockdown measures were imposed.