Missouri restaurants lost $1.1 billion in first two months of pandemic, survey suggests

Missouri restaurants lost nearly $1.1 billion in the first two months of the COVID-19 pandemic, the St. Louis Business Journal reports.

Sales were down nearly 63% by mid-May as restaurants reduced seating capacity or temporarily closed.

The figures come from the National Restaurant Association, which surveyed 3,800 restaurants across the nation.

The restaurant industry is estimated to have lost almost $120 billion during the first three months of the pandemic. By mid-May, 3% of the nation’s restaurants had closed permanently, the association said.

About 75% of respondents said profitability for their restaurants is unlikely within the next six months.

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