Shake Shack CEO: Business must ‘pivot’ to meet coronavirus needs, protect employees
Shake Shack CEO Randy Garutti discusses how business has shifted to meet the needs of consumers during coronavirus and how restaurants will be impacted indefinitely.
Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here.
Continue Reading Below
McDonald's Corp. said sales among its existing base of restaurants in the U.S. were hit hard in March as the coronavirus spread and the economy shut down.
The hamburger chain on Wednesday said same-store sales, or those from restaurants open at least 13 months, increased in January and February in the domestic market, but then fell 13.4% in March as elected officials issued guidelines requiring dining rooms to close and consumers stayed home.
Overall, comparable sales gained 0.1% in the U.S. for the first quarter, but dropped 3.4% globally.
As of today, 99% of its restaurants in the U.S. are offering at least some service, such as delivery, carry out or meals via drive-through windows, the Chicago-based company said.
PANERA BREAD SELLING GROCERIES DURING CORONAVIRUS DEMAND SURGE
But locations overseas have been forced to close, including in France and Italy. In Brazil, 60% of restaurants are operating. Globally, 75% of stores have at least limited service, according to the chain.