"COVID-19 Impact on Restaurant Brands, 2021 Update" reports key findings as of 28th April, 2021 based on market analysis and brand diversification by industry and geography.
Whilst almost all companies in the foodservice sector saw a decline in revenues owing to the spread of coronavirus cases across the world. However, RBI’s Q4 2020 results reflects some sign of positive momentum in the company sales, primarily at its drive-thru location. As large economies across the globe are slowly recovering from the pandemic-related slump, a positive outlook for QSR outlets, especially in North America, Asia and West Europe, is predicted to present ample opportunities for the company to not only recover from the losses occurred in 2020 but grow at a healthy rate over the forecast period.
- Some countries in Asia-Pacific are expected to recover well, but the prospects show a mixed picture on a country-by-country basis rather than the global region
- The QSR industry is expected to register positive CAGR across all regions over the forecast period of 2020-2025
- Restaurants Brands International, a Canadian foodservice giant, has most of its business in the QSR outlet type
- Each foodservice channel is expected to see positive value growth in 2021 compared to the previous year, while the recovery from the COVID-19 impact will take time to recuperate the level of 2019 value
- Alternative operating models such as developing drive-thru operations benefited the brand sales in Q4 2020
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