MarginEdge Blog
Restaurant Sales – DC – March 2021
In March, DC hit the highest mark in over a year, reaching -26.5% in monthly weighted average restaurant sales as compared to March 2019.
Weekly Sales
I’m not sure it will ever get old to me to see all of our lines directionally headed up and to the right!
Year in Review: Restaurant Industry Revenue Data
It’s the anniversary of the onset of Covid-19 lockdowns and the resulting damage to businesses across the country. Hard to name another industry that fell with the same immediacy or severity as the restaurant industry. Here’s the story as told by the data.
Weekly Sales
Look at those numbers! Fast Casual hit single-digits at -6%, which I think falls in a pre-Covid “normal bad day” range!
A year of COVID-19: Accelerating change and transforming hospitality
COVID-19’s impact on the restaurant industry was fast and deep. MarginEdge, which provides back-office platforms, analyzed sales and operational data from nearly 2000 restaurants in 47 states and estimated a drop in sales of 66% between March 11 and March 22, when most of the nation was under strict lockdown.
One year in, COVID-19 pandemic continues to impact independent restaurants
The global pandemic, which was declared by the World Health Organization on March 11, 2020, has — through a series of alerts, lockdowns and quarantines aimed at slowing the coronavirus’ spread — accelerated change, transformed hospitality and, sadly in some quarters, decimated the industry.
Product Release Notes – March 2021
Can’t believe spring is right around the corner! While you’ve been getting your restaurant ready for what hopefully proves to be our comeback season (fingers crossed), we’ve been adding new functionality all over the software.
