J. Alexander’s Holdings, Inc. Reports Recent Trends and Steps Taken to Address the Coronavirus Outbreak
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 reported same store sales changes for a portion of the first quarter of fiscal 2020 as well as certain measures that have been taken in response to the novel coronavirus outbreak (COVID-19).Q1 2020 SalesSame store sales(1) increase (decrease) for the first 12 weeks of fiscal 2020 are estimated as follows: January February March* (4 weeks) (4 weeks) (4 weeks)J. Alexander’s/Grills restaurants +3.0% +1.3% (24.8%) Stoney River Steakhouse and Grill restaurants +0.5% (3.1%) (25.6%) * Note that the Company’s first quarter of fiscal 2020 ends on March 29, 2020.Like other full-service, casual dining operators across the United States, the Company’s restaurants in various markets were required to either close their dining rooms or substantially reduce their occupancy capacity b
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