FOOD The Death of the $15 Salad

digital jello

i'll be jeans soon
OT Supporter
Mar 14, 2006
303,647




We are a nation in the throes of an unprecedented eight-month pizza binge that shows no signs of abating. Multiple pizzerias in Los Angeles reported a 250% rise in sales on Election Day, and on Thursday, Papa John’s reported quarterly same-store sales growth of 23.8%.

But times are nothing if not desperate, and the financial case for making a pivot to pizza is anything but ambiguous. Tens of thousands of independent restaurants have closed permanently since March, but independent pizzerias listed on the delivery app Slice have seen sales grow 60%. The chain Marco’s Pizza, which just opened its 1,000th location, in Kissimmee, Florida, has seen sales surge roughly 50% every week since mid-April, according to the consumer data analytics firm Sense360. The pandemic has even breathed new life into the forgotten Pizza Hut chain, which reported a 9% rise in U.S. same-store sales last quarter despite the July bankruptcy of its debt-saddled biggest franchisee, NPC International — which said in a filing that its Pizza Hut division’s 2020 earnings (before interest, taxes, depreciation, and amortization) had exceeded its internal forecasts by a factor of eight. And mediocre pizza behemoth Domino’s, which was starting from a much higher base after reporting 38 consecutive quarters of same-store sales growth, reported a 16% uptick in same-store sales in its second quarter.

PIZZA CONTENT :bowdown:
 
TS
TS
digital jello

digital jello

i'll be jeans soon
OT Supporter
Mar 14, 2006
303,647
The mass shift to remote work is the salad industry’s most conspicuous problem: Nearly all the chains are heavily reliant on capturing the office-worker lunch rush, so much so that Sweetgreen has an entire arm of its business devoted to delivering salads in bulk to offices free of charge.
 

The Weasel

Lakers, Packers, Flyers, Backpacking, Halo Crew
OT Supporter
Jul 12, 2006
45,270
SoCal
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