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August 17, 2020
Weekly Update – First Edition
Welcome to the first edition of our brand new MarginEdge Weekly Update!
From here on out we will send our updates on Mondays to recap the results of the previous week, and keep you posted on any major trends. Of course if we notice something important pop up during the week we will definitely send along any breaking news, but hopefully this format makes these updates more concise and valuable!
Looks like the numbers are stubbornly set in their ways, with no real movement to speak of coming out of the weekend. Of course we always prefer flat numbers to down, but I would LOVE to start to see those sales numbers climb again.
Also, I mentioned in an update a couple of weeks back that my restaurant Wasabi managed to break-even, even with sales down 67%. I am so proud of our team there I wanted to do a quick case study to show how they did it! You can check it out here:
We will see you back here next Monday!
Until then, stay safe.
P.S. For those following along on these notes, but are not a MarginEdge client, we would love to include your numbers in our data set and continue to build out the value of the reporting. We are giving our MarginEdge Lite product for free. This little tool connects your POS to accounting system and creates journal entries – hopefully time saving for you while increasing our sample size as we track recovery across our network. Obviously no obligation or commitment, just an offer for those interested!
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