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News

Financing

Wendy’s acknowledges its fresh beef shortage

 By Jonathan Maze on May 06, 2020

But executives downplayed any impact on sales and suggested that reports of the outage are exaggerated.

Operations

Wingstop’s same-store sales jumped 33% in April

 By Heather Lalley on May 06, 2020

The fast casual is reaping the benefits of low wing prices and rapid growth of its digital channels.

Financing

How landlords view the future of restaurants

By Jonathan Maze on May 06, 2020

This week’s edition of “A Deeper Dive” features Jeff Brand, founder of real estate developer and broker Brand Partners.

Financing

Cheesecake Factory hits the break-even point

By Peter Romeo on May 06, 2020

Off-premise sales are running at an annual rate of about $4 million a year.

Financing

Famous Dave's parent lands $13M in PPP loans

By Peter Romeo on May 05, 2020

Famous Dave's received $7.2 million, and sister concept Granite City obtained $5.8 million.

Beverage

Michigan restaurants get a liquor advance

By Peter Romeo on May 05, 2020

The state has repurchased alcohol inventories but is allowing licensed establishments to sell the supplies and pay for them later.

Financing

Denny’s looks to increase its credit access

By Peter Romeo on May 05, 2020

It projects that it could be in default on its financial covenants for the second quarter, but expects to have access to more funds next week.

Financing

In polls, Americans appear reticent about restaurants’ reopening

By Jonathan Maze on May 05, 2020

Multiple polls say a sizable majority of the U.S. is opposed to the return of dine-in restaurants even as states start easing restrictions.

Financing

Treasury makes a restaurant-requested tweak in the PPP's forgiveness rules

By Peter Romeo on May 05, 2020

Borrowers will no longer be dinged for furloughed employees who decline their old jobs.

Operations

Shake Shack dips into the drive-thru game

By Heather Lalley on May 05, 2020

The fast-casual chain acknowledged that its current real estate portfolio is challenging during the coronavirus pandemic and said it is looking to add pickup windows.

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