Despite operating during a pandemic,
The expected total revenue for the year ending
"While this past year was challenging for the entire restaurant industry, it has been a tremendous year of growth for
The chain's investments in digital platforms and its swift response to environmental challenges stemming from the pandemic, allowed it to post five consecutive months of over 90% month-over-month delivery sales growth," CEO
"We'll continue to invest in technology with the goal of delivering a frictionless, omnichannel experience to drive guest satisfaction and sales," he said.
Restaurant sales
In the fourth quarter 2020 versus the fourth quarter 2019, same-store sales declined 2.9% compared to down 9.2% in the third quarter of 2020, and down 33.7% in the second quarter of 2020 and down 11.8% in the first quarter of 2020. Same-store sales continued to sequentially improve each quarter in 2020, however, since Covid-19 hit in March. Same-store sales declined 13.4% for the year ending
In the fourth quarter 2020, sales at company-owned restaurants increased 12.4% to
"This decrease was due primarily to the effects of COVID, which resulted in significant same store sales declines, particularly in the second quarter in 2020, versus the prior year, and also resulted in 10 temporary closings of franchise restaurants," according to the release.
The decrease, however, was partially offset by the opening of 11 company and franchise-owned restaurants in 2020. Systemwide sales were
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