Posted: Sep 16, 2020
Landry's CEO and Chairman Tilman Fertitta told CNBC on Tuesday that restaurants that manage to survive the coronavirus pandemic should be able to apply valuable lessons that could make their businesses more profitable. The billionaire restaurant and casino owner said 2022 "could be a spectacular year."
"I've never been one to always look out 15 months, but that's what we have to do today," Fertitta said on "Power Lunch." "Because if we can get back, all companies, flat to negative 10% in same-store sales, I think these companies are going to have 10% better profits than they were going to have before this pandemic even started, because we've all learned to operate so much more efficiently."
He pointed to the upcoming resumption of indoor dining in New York City, despite being limited to 25% capacity, as another good sign for the industry. Casinos also recently were allowed to reopen in New York state.
However, Fertitta warned of a challenging few months ahead as the weather turns cold in many parts of the U.S. and the coronavirus coincides with seasonal influenza.
By Kevin Stankiewicz
09-16-2020
Source and Complete Article by: cnbc.com
Go-Wine's mission is to organize food and beverage information and make it universally accessible and beneficial. These are the benefits of sharing your article in Go-Wine.com
The Wine Thief Bistro & Specialty Wines is a locally owned small business in downtown Frankfort, IL offering world class wines in a relaxed, casual gathering spot for friends and family. Offering world class virtual tastings and touchless carryout.
https://www.twtwineclub.com/aboutus
Go-Wine 25 Great Wineries in US selection prioritizes quality, value and availability.
www.go-wine.com/great-wineries-in-america
Tasting wine is a nice experience, but visiting the places in which wine is made is a magic moment. Available in New York City for touchless pickup.
