I own a number of KFC franchises and I am seeing very strong top line sales that have exploded in the last 2 weeks.
Talking to people in the industry specifically a McDonald's franchisee I know they are seeing the same thing. Very strong sales
The thing is whilst sales are strong transaction counts are still down about 7-10%. So less customers spending more money.
Both brands are still spending lots of money advertising and have refocused efforts in getting transaction counts fixed.
I totally get fast food is only one industry out of many but many other businesses will be like Us. They want to get back into things and win back missing customers.
Your small mum and dad business are not the usual clients of oh media so whilst many are hurting they ain't the ones spending $5k a month per sign to rent.
I own OML as I think it's oversold
long term digital (Facebook etc) advertising is a major issue but medium term I like the stock
debt is still a major risk DYOR
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