Hurricane Harvey's heavy rainfall and record flooding pummeled restaurant sales last week in Texas, and Hurricane Irma's wrath isn't too far behind.
Irma, which is slated to make landfall in Florida and then move up the East Coast through Georgia, South Carolina and North Carolina, is bad news for restaurants clustered in that area.
On Friday Canaccord analyst Lynne Collier updated the list of restaurants she covers that she sees as the most at risk for sales losses due to destruction by Irma. She foresees Bojangles; Fiesta Restaurant Group, which owns Taco Cabana; Zoe's Kitchen; Outback Steakhouse owner Bloomin' Brands, and Ruby Tuesday, as the most likely to take a hit from the storm.
Bojangles, in particular, could see sales and traffic plunge in Irma's wake. Collier said about 83 percent of the brand's restaurants are in the areas expected to be hit by the hurricane.