“We’re seeing Monday through Friday lunch coming back in a big way,” Hartung told MarketWatch. “As people go back to work, in-store ordering is coming back.”
Digital sales grew 10.5% and accounted for 48.5% of total sales. Even as the fast-casual chain has recovered 70% of in-store sales, Chief Executive Brian Niccol said on the earnings call that the company has held on to 80% of digital sales. “Brisket like carne asada and cauliflower rice competes in the kitchen and competes on the grill,” he said.
“Margins will remain a key focus for investors, both near-term and long-term ,” wrote RBC Capital’s Christopher Carril.The labor market is tight in the U.S. with companies increasing wages and benefits to get the workers they need. Hartung says it’s a “labor environment unlike any I’ve ever seen.”
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This is false news. B&I has yet to recover. Education is behind that. Recreation and Hospitality are just now showing signs of recovery. False news, I have data to back this up.
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