Originally Posted by
JBord
It will be interesting to see what happens in Q4 this year after the subsidy expires everywhere. I would think a smart restaurant owner would try to hold out for a few more months, if they're able, to not be back on the right side of the supply and demand curve.
This morning GS stay home basket is a +0.90%, while their reopening basket is -2.5%. We're starting to see some concern over the Delta variant, which may further complicate things for restauranteurs--it's a pretty murky veil they're going to have to try to pierce through.