Not only has the beloved chain lived through the pandemic, it is also seeing record sales.
But the chain's survival isn't a fluke. Behind the scenes, the company was working hard to find solutions to its dependence on self-serve buffets during the pandemic.
Today, there are 360 Golden Corral restaurants operating in 39 states, including one in Puerto Rico. Trenary estimates that about 85 total restaurants were lost to the pandemic, including some that were unable to renew leases or couldn't come to terms with landlords. Currently, Trenary projects the company will do about $1.4 billion in systemwide sales, serving between 107 and 110 million meals this year."That's a long way from a zombie company."
He says that the great news is that customers have been"incredibly loyal." The chain's most frequent guests were eating at Golden Corral about 70 times per year before the pandemic and they're"coming back in droves."Trenary says that while the pandemic was extremely challenging, it was also valuable in exposing weaknesses in Golden Corral's business model, such as the sheer size of its restaurants, some of which are able to accommodate 400-plus guests.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
4 Once-Popular Steakhouse Chains That Are Currently Shrinking — Eat This Not ThatWhile the steak segment is thriving as a whole, these legacy brands have been shedding locations and reporting decreasing sales.
Read more »
Why experts are 'not concerned' SF's COVID rate is highest in Calif.'I don’t think it’s any reason to go back to putting the brakes on and our masks back on.'
Read more »
FDA Could Approve Ecstasy For PTSD, But Not In Colorado Unless Lawmakers ActThe party drug ecstasy is being hailed as a breakthrough treatment for post traumatic stress disorder or PTSD.
Read more »
Twitter Says It’s Getting an Edit Button, but Not Because of Elon MuskTwitter insists that the edit button has been in the works since last year and that Elon Musk's poll had nothing to do with the new feature, which will be tested on Twitter's premium Blue service
Read more »
Surprising Things Your Health Insurance Will Not CoverIn the American healthcare system, it’s probably best to expect to pay out of pocket for 100% of your medical procedures. Here are several surprising things that your health insurance absolutely will not cover.
Read more »
Masters official says Phil Mickelson was invited but chose not to playA three-time winner of the event, Mickelson has started in every Masters since 1995 but is staying out of the spotlight since causing a furor in February with comments about a Saudi-backed rival of the PGA Tour.
Read more »