(March 09 13:01) Sbr.com.sg
Submitted By:
Staff Reporter
Case Study:
No
Restaurant earnings fell 30% during the SARS outbreak in 2003.
The COVID-19 outbreak is expected to have an impact on Dairy Farm’s North Asia earnings and cloud near-term convenience and restaurant earnings, according to a report by CGS-CIMB.
In 2003, during the SARS outbreak, restaurant earnings before interest and tax (EBIT) fell 30% YoY, whilst convenience store EBIT shrank 10% YoY as footfall fell in both formats.
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