Reality Check

Peter Romeo

The blog from award-winning journalist, RB Editor-at-Large Peter Romeo. Peter taps into his decades of experience covering the restaurant business at a variety of publications to discuss any number of issues related to the operations and general direction of restaurants.

Operations

What's necessary to reopen? Depends on where you are

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.

Financing

Senate’s $320B PPP re-up draws restaurants' fire

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.

Or was consumers’ abandonment of shopping malls the culprit? Add in heightened competition and you have the perfect storm that tripped up the brand, the chain’s leadership says.

Here are some guaranteed shockers that might have slipped past.

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