Restaurant Business Daily

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Financing

At McDonald’s, the coronavirus interrupted a strong start

U.S. same-store sales were up 8.1% in January and February before falling 13% in March, prompting delays in capital spending, cuts in executive pay and increased franchisee assistance.

Financing

Casual dining will not be the same after the coronavirus shutdown

With many chains already struggling, the sector faces a quick shakeout as dine-in sales plunge and options dwindle, says RB's The Bottom Line.

The Atlanta-based private-equity firm, which has invested in numerous restaurants, has a new fund.

Banks quickly took massive numbers of applications as small businesses sought federal help to get them through the coronavirus shutdown.

Allegro Merger Corp., citing “extraordinary” conditions, opted not to merge with the bar and grill chain.

The Independent Restaurant Coalition is asking for more assistance, saying the CARES Act doesn't go far enough to keep operators afloat.

Workers staged a walkout and filed complaints after an employee became sick.

The Canadian-based brand collector, which operates Cold Stone Creamery and Pinkberry, among many others, has temporarily closed 2,100 locations.

Restaurants spent too many years loading up on debt and dumping assets, and now those decisions are coming home to roost, says RB’s The Bottom Line.

As the industry confronts its greatest challenge, we promise to be here for restaurants, their operators and their employees.

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