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Reality Check

Peter Romeo

The musings of Editor-at-Large Peter Romeo.

Financing

Ark Restaurants learns how risky the pandemic can be for independents

One of the multi-concept operator's priorities right now is holding onto year-end holiday bookings.

Leadership

What’s on the mind of Texas Roadhouse’s Kent Taylor?

The chain’s proudly contrarian CEO and founder made cryptic references this week to possible new revenue channels for his brand. Here are the clues.

The requirements or recommendations for resuming dine-in service vary widely from state to state, if they exist at all. Here's a sampling, along with some of the few near-constants.

Small-business groups applaud the reallocation, but question why the loan process wasn’t fixed.

States are coming together to plot a restart of the economy. But restaurants may be on the sidelines for a while.

Per-unit sales are running at about a third of the volume of pre-COVID-19 days, but that's still $3 million in annual per-store revenues. And costs have been aggressively cut.

The COVID-19 crisis is as much a test of character as it is of financial resilience. And some parties are clearly failing.

So what if they can’t keep a restaurant open under the very conditions they’re demanding?

Or at least that was a major theme at the ICR Conference, where three dozen chains aired their strategies and financial results.

The steakhouse chief took a different approach to highlighting her charge’s strategy. Gather around to hear the account.

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