TL;DR
Togo's, a sandwich franchise, saw a drastic decline in sales in Q2 of 2020 due to the pandemic. The brand's CEO, Glenn Lunde, expressed concerns about the uncertainty of the situation.
It’s no secret that COVID-19 has impacted the lives of almost everyone. And it's been especially tough on the restaurant industry.
And San Jose, California-based Togo’s was no exception. The sandwich franchise saw a drastic decline in sales in Q2 of 2020. But the brand hasn’t lost its spirit. Togo’s CEO Glenn Lunde, told the Wall Street Journal that the past few months have been “quite an adventure.”
“Sales were down 26% year-over-year in the second quarter and down 8% in the third quarter. And in September, sales fell six percent from the prior year,” Lunde told the Journal. “I think everyone’s concerned about cases going up. Where’s the virus going to go, no one really knows. The election, the stimulus, there’s a lot of uncertainty given all these unknowns.”
In this story
This story was originally published in 1851 Franchise on February 8, 2021. Burnaze summarizes and links to the original reporting.
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