On this episode of the Happy Mouth podcast, restaurateur Philip Camino and chef Nyesha Arrington continue to take a look at how restaurants are recovering and, in fact, booming as the coronavirus pandemic slows down.
While broadliner Sysco has seen sales rising, several major chains announced impressive first-quarter financials; proving the hospitality industry is in a boom right now. With major players like Starbucks, McDonald’s, and Cheesecake Factory all seeing a massive uptick in sales, there’s even more hope independent restaurants are well on the road to recovery as well. But with every boom, there’s the potential for a bust.
Listen as Nyesha and Philip talk about the impact initiatives like the RRF and stimulus checks are having on the hospitality industry, and what you should be careful of as the boom continues.
Listen to Philip and Nyesha discuss the restaurant boom and potential bust:
People are feeling better about being out due to increased vaccination rates, stimulus checks hitting bank accounts, and loosening restrictions
CDC reports 46% have received one dose of the COVID-19 vaccine, with 35% having both doses
Starbucks’ U.S. sales fully recovered in the 2021 first quarter
McDonald’s same-store sales have risen 13.6% over a two-year period
Cheesecake Factory’s same-store sales have shot up 220%
While sales are surging currently, there’s potential for the sales bubble to pop
Food delivery apps have lost money over the last year despite the growth of the market
DoorDash lost $155.9 million and GrubHub lost $145 millionHappy Mouth Podcast Instagram
Happy Mouth’s May 12 episode on the Sysco report pointing to restaurant recovery
Restaurant Business - Starbucks U.S. sales recovered last quarter
Restaurant Business - Chicken helps McDonald’s sales soar
Becker’s Hospital Review - COVID-19 vaccination rates by state
NPR - How is the COVID-19 vaccination campaign going in your state?
GrubStreet - 5 big reasons the deliver ‘boom’ may soon go bust
We have a lot more content coming your way! Be sure to check out our other shows:
The Happy Mouth Morning Show
Restaurant Marketing School