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Winning Stocks Amid A Restaurant Industry Rout
By The Smart Investor  •  September 4, 2020
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.

Against the odds

Restaurants that were doing most of their sales digitally, whether through takeaway or delivery, fared better as dining-in became restricted.  ...
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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