Bloomin ‘brands CEO David Deno told CNBC Thursday that the restaurant company’s U.S. sales are higher than it was two years ago, and finding employees who can keep up with the recovery from Covid has not been a challenge.
“Our restaurants are doing very well. In fact, we have not only increased compared to 2020, but also by 12.6% compared to 2019, which was way ahead of the pandemic,” Deno said in an interview on “The exchange.”
According to the company, these sales figures, which are comparable in the USA, cover the first four weeks of the second quarter Publication of results for the first quarter. Florida-based Bloomin ‘is the parent company of Outback Steakhouse, Bonefish Grill, Carrabbas Italian Grill, and Flemings Prime Steakhouse & Wine Bar.
Though Americans will be more comfortable going back indoors Covid vaccinations Deno said the company’s ability to continue targeting take-out customers was critical to that revenue growth.
“Customers come back and enjoy our food in the restaurants. The important thing is that we keep our delivery and transportation business off-premises when the dining rooms reopen,” said Deno, who joined Bloomin ‘Brands Best buy In 2012 he was appointed CEO in March 2019.
“Our goal is to keep the carryout and delivery business we had during the pandemic because people now understand that they can get great casual food at home,” added Deno. By combining it with “great service” in its restaurants, Bloomin hopes to “achieve the magic of” and “and generate sales growth outside of the office and at dinner,” he said.
Some restaurants and other companies in the service sector claim to do so Difficulty finding workers to fill vacancies as the US economy gains momentum. However, according to Deno, this wasn’t a huge problem for Bloomin ‘. He cited the company’s stance towards its employees last year when the Covid pandemic hit and the economy plunged into recession.
“We decided last year not to leave or let go of one person in our restaurants – not one – when we turned the dining rooms back on and people came back, we already had staff,” said Deno. “So we had a very high base and our retention rates are very high. Our sales are very, very low compared to the rest of the industry.”
Last year, Bloomin ‘Brands announced that under the Employee Adjustment and Retraining Notice Act, thousands of restaurant employees had been given precautionary notice of possible vacation days, as reported in April 2020 the Tampa Bay Business Journal.
“We had no layoffs at the time, nor are we expecting them. To date, we have given six weeks of relief to employees who are currently out of hours because our dining rooms are closed,” a spokeswoman for Bloomin ‘Brands told the Tampa Bay Business Journal at that time.
Deno told CNBC on Thursday, “Of course, with 12% sales growth in the same store, we need to occupy restaurants and hire more people, but we can do this from what we have to offer people.”
The company didn’t pay any additional retention fees, he said. “People want to see two things. First, they ask what they get paid, what they get paid. And … they want to work in a great environment and we feel able to offer both, and so we could Recruiting people we need. “
Bloomin ‘Brands shares closed nearly 9% on Thursday at $ 31.38 apiece.