Not only was New Brunswick’s foodservice industry among the first and hardest hit by the impacts of COVID-19, the sector will also be among the slowest to recover.
According to a Restaurants Canada survey conducted between June 25 and July 3,
The majority of New Brunswick’s restaurants are still not profitable: 47% of survey respondents said they are operating at a loss and 24% said they are just breaking even.
More than half of restaurants still operating at a loss expect to take at least a year to return to profitability:
10% said 6 months or less.
33% said 7 months to a year.
43% said between a year and 18 months.
14% said more than 18 months.