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sales and profits

Financing

McDonald's had its best month in nearly a decade in September

 By Jonathan Maze on Oct. 08, 2020

Same-store sales hit double digits last month, and 4.6% in 3Q, thanks to the Travis Scott meal and Spicy Chicken McNuggets.

Financing

High cheese prices and the pandemic hurt Domino’s profits

By Jonathan Maze on Oct. 08, 2020

The company’s U.S. sales hit a record levels in the third quarter, but margins declined because of higher commodity prices and pandemic costs.

Financing

Golden Corral's largest franchise operator files for Ch. 11 bankruptcy

By Peter Romeo on Oct. 05, 2020

Eric Holm's 1069 Restaurant Group has run up a debt of $49.7 million. Only six of its 33 units are open.

Financing

Darden sees no virtual concepts in its future

By Peter Romeo on Sep. 25, 2020

The emotional connection and controls on execution just aren’t there, according to its CEO.

Financing

For Sizzler, the pandemic proved too much to handle

By Jonathan Maze on Sep. 22, 2020

The steakhouse chain and its popular salad bar declared bankruptcy to renegotiate leases, but its challenges run deeper, says RB’s The Bottom Line.

Financing

Fewer NYC restaurants were able to pay full rent in August

By Peter Romeo on Sep. 21, 2020

About a third could not pay any rent at all, according to a study by the New York City Hospitality Alliance.

Financing

J. Alexander’s sales surge in September

By Peter Romeo on Sep. 18, 2020

Sales have recovered to more than 90% of pre-COVID levels. Management says August was the turning point.

Operations

Restaurants are on pace to lose $240B in sales this year

By Peter Romeo on Sep. 14, 2020

The National Restaurant Association said industry sales plunged 34% last month, and 100,000 locations could close in 2020.

Financing

Garbanzo Mediterranean Grill declares bankruptcy

By Jonathan Maze on Aug. 14, 2020

The fast-casual franchise, struggling before the pandemic, said steep declines in sales and royalty income made matters worse.

Financing

Steak 'n Shake’s losses narrow as more units close

By Peter Romeo on Aug. 11, 2020

The chain’s revenues fell nearly 50%.

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