Saizeriya lowers earnings forecasts Sales down due to increased infection April 8 19:28
Saizeriya, a major food service chain, has lowered its earnings forecasts until August due to a fall in sales due to the spread of the new coronavirus infection, and has revised down its one-year profit by more than 40%.
According to the announcement, sales were down 15.3 billion yen, down 8.3 billion from the previous forecast, and net profit was down 40% lower than expected, down to 3.5 billion yen.
Regarding the reason for the reduction, the company has temporarily closed all 330 stores operating in China, and sales have not returned to its original level after resuming operations.
In Japan as well, self-restraint and out-of-home work have become widespread, and sales have fallen sharply since late February.
Although the company's stores in China are gradually improving, the domestic market is on a downward trend, and in response to the government's declaration of emergency, all stores have shortened business hours, and some stores have decided to close temporarily. Can be even worse. "