Wall Street Journal: Premium Service Brands Has Seen an Increase in Revenue Amid the Pandemic

With people stuck at home during the pandemic, they’ve had more time to pay attention to the needs of their homes. And consequently, the home service industry is booming. According to a recent article from the Wall Street Journal, Premium Service Brands, parent company to franchise brands like Maid Right and 360? Painting, has seen a 44% increase in third-quarter revenue.

“Overall people are saving money, taking those savings and reinvesting it into their home. They’re not going to restaurants and not traveling,” Paul Flick, PSB founder and CEO,  told the Wall Street Journal.

Although Premium Service Brands initially saw a dip in revenue in March and April, its brands have been able to bounce back and even increase hiring, providing jobs for those who may have lost theirs due to COVID-19.

Read the full article online here.