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Fast Casual

Financing

Pandemic poses a mixed bag for fast-casual chains

The coronavirus crisis has put into stark relief which brands are adept at handling off-premise transactions—and which are not.

Financing

What pandemic? Chipotle’s stock keeps surging

The stock closed Tuesday above $1,000 for the first time and then just kept going, says RB’s The Bottom Line.

The struggling sandwich chain said same-store sales are now down 45%, up from minus 68% during the height of the coronavirus crisis.

Sustainable Restaurant Holdings blamed the coronavirus for the move, which is intended to help the company find a buyer.

The two are the latest big chains to try that form of to-go and delivered meals.

Scott Svenson, co-founder of the fast-casual pizza chain, joins this week’s episode of “A Deeper Dive” to discuss the company’s strategy for dealing with the COVID-19 shutdown.

The fast-casual concept is taking issue with the agency’s requirement that a company can’t be in bankruptcy to receive funds, even though other companies filed for protection after receiving approval.

Restaurant Business has been profiling Buzzworthy Brands for the past year. Many of these brands have had to shift their focus as the coronavirus pandemic halted their growth.

The fast-casual burrito chain, which has no debt and more than $900 million in cash, sees real estate opportunities in recently shuttered stores.

After securing $150 million in new equity, the burger chain said it would return the loan money so “restaurants who need it most can get it now.”

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