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November 14, 2020
MarginEdge Weekly Update
Even though the past couple of weeks have shown us that we are riding a series of mini peaks and valleys, it is still always nice to send out this note when we get to report a peak!
This week is looking much better than last driven by a pretty significant rebound in full service year-over-year numbers. Hard to know exactly the factors driving the upward swing with so much going on, but have to imagine election related coping via food and beverage played a part.
Also, we are kicking off a blog post that we hope functions as a letter to guests from our community on how they can support their favorite restaurants through the winter – things like BYOB (bring your own blankets), gift cards for holiday giving, keeping you top of mind for take-out on extra cold days, etc.
If you have things you wish guests knew about dining during the pandemic generally or specifically how they can help you this winter, we would love to include your thoughts! Just fill out our three question survey here:
As always, find our full breakdown below.
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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