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Steak 'n Shake

Financing

Steak ‘n Shake closes another 13 locations

 By Jonathan Maze on Nov. 06, 2020

The burger chain has seen traffic and sales plunge during the pandemic as it continues pulling back on unit count.

Financing

Why Steak ‘n Shake’s service model change is a big risk

 By Jonathan Maze on Aug. 27, 2020

The company is selling real estate to fund a shift to a counter-service model. RB’s The Bottom Line examines why the company is taking this step.

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%.

Financing

Steak ‘n Shake’s owner compares himself to Andrew Carnegie

By Jonathan Maze on Jul. 09, 2020

Biglari Holdings CEO reportedly compares himself to 19th century industrialists and talks about the pandemic’s impact on his burger chain, says RB’s The Bottom Line.

Financing

Steak ‘n Shake has permanently closed 51 locations

By Jonathan Maze on May 11, 2020

The burger chain, which faces challenges refinancing its debt, has also temporarily closed 62 locations.

Food

Drive-thrus continue to launch LTOs

By Patricia Cobe on Apr. 21, 2020

While full-service and fast-casual concepts focus on takeout and delivery meals, drive-thrus are trying to lure customers with new items.

Financing

Steak ‘n Shake gets credit downgrades after a ‘distressed’ debt repurchase

By Jonathan Maze on Apr. 16, 2020

The company is apparently looking to restructure its loans amid operating challenges from the coronavirus shutdown.

Financing

Restaurant bankruptcies are increasing, and more could be on the way

By Jonathan Maze on Mar. 04, 2020

A Fitch Ratings report says Steak ‘n Shake and Checkers are at risk in a worsening operating environment, says RB’s The Bottom Line.

Financing

Steak ‘n Shake turns to counter service as losses mount

By Jonathan Maze on Feb. 24, 2020

The chain has closed 107 units, with plans to reopen them with a counter-service model to save on labor.

Financing

Cracker Barrel has made Sardar Biglari a lot of money

By Jonathan Maze on Feb. 24, 2020

RB’s The Bottom Line looks at how much Biglari Holdings has made since its 2011 investment in the family dining chain.

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