The global pandemic caused by the coronavirus has affected many aspects of daily life and has arguably caused far more bad than good. There have been some positive results of this pandemic, though. For example, some businesses such as liquor stores have actually seen an increase in sales and benefited.
There are some other apparent businesses that a person can actually see benefiting from this pandemic, too. Another example of this would be any toilet paper company or sanitizing business such as Clorox. When the pandemic started, everyone rushed to grocery stores, dollar generals, and gas stations and started buying all the toilet paper that they could carry. Businesses that produced or managed toilet paper brands such as Charmin or Cottonelle saw a momentous jump in their sales.
Toilet paper sales increased up to 71% in the two weeks that the pandemic started. If stores hadn't started running out of toilet paper, the sales would have increased even more. Business executives that were in charge of overseeing these companies claimed that if the sales were looked at on March 12, 2019, compared to March 12, 2020, the amount of toilet paper sold increased by 734%. By March 23, 2020, almost 70% of U.S grocery stores, including those online, reported that they were out of toilet paper.
Other businesses that are less obvious have also benefited from this pandemic and quarantine. Companies like Amazon have seen a large increase in users and buyers since the pandemic. Other online companies have been seeing the upside to this pandemic as well. Companies that are cloud service providers and data-center owners such as Equinix or Digital Realty Trust have been thriving. Equinix reported a small hit in its first quarter but remained relatively stable throughout this entire pandemic. The executives of companies such as Equinix claim that they feel good about the second quarter and its sales. In reported earnings for the first weeks of this quarter, companies similar to Equinix reported that they had strong sales and great revenue growth.
A surprising company whose sales have surged during this pandemic is Domino's Pizza. When the coronavirus took hold, Domino's sales in the United States slowed down but never dropped. In the first few weeks when the quarantine was issued, their sales slowed to 1.6%. But after March 22nd, their same-store sales started increasing up to 7%.
Domino's had implemented online and delivery in years prior to the pandemic, and that is actually what helped them be successful during this stressful time. Domino's reported that 70% of their sales were online and came through either the company's app or website. They also reported that this percent was increasing and even reached up to 80% at times.