J. Alexander’s Holdings, Inc. Provides Business Update
J. Alexander's Holdings, Inc. (JAX)
US:NASDAQ Investor Relations:
investor.jalexandersholdings.com
Company Research
Source: Business Wire
NASHVILLE, Tenn.--(BUSINESS WIRE)--J. Alexander’s Holdings, Inc. (NYSE: JAX) (the Company), owner and operator of J. Alexander’s, Redlands Grill, Stoney River Steakhouse and Grill and other restaurants, today provided an update on its business and its strategic evaluation.Business UpdateAs mentioned in its business update on December 14, 2020, the Company was impacted during its fourth quarter of fiscal 2020 by a second wave of required dining room closures and increased capacity restrictions in certain of the markets in which it operates arising from the novel coronavirus pandemic (COVID-19). As a result of those capacity constraints, the Company experienced downward trends in its sales recovery experience during the fourth quarter of 2020. As previously stated, the Company’s sales were nearly 90% and 80% of prior year sales for the months of October and November 2020, respectively. For December 2020, which consisted of six weeks, sales were slightly higher than 80% of prior year
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