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Financing

OpenTable data shows just how bad traffic is falling

Reservations plunged and sales fell as fear of the coronavirus kept people home and away from restaurants.

Financing

France and Spain close down their restaurants

The closures came as the countries take more drastic efforts to stop the spread of the coronavirus.

Financing

Restaurant stocks get crushed again as coronavirus fears persist

By Jonathan Maze on Mar. 12, 2020

Investors continued to flee from the industry amid recession concerns and stock market volatility.

Financing

Restaurant stocks plunge amid growing fears of coronavirus sales problems

By Jonathan Maze on Mar. 11, 2020

Black Box Intelligence said it expects weak sales this year amid steep declines in areas hit by COVID-19 and mounting risks of an economic slowdown.

Financing

Consumers likely to cut back on restaurants in a coronavirus pandemic

By Jonathan Maze on Mar. 05, 2020

A Technomic survey reveals that Americans are paying close attention to the topic, even as they are uncertain about what to do.

Financing

Travel restrictions and event cancellations spread along with coronavirus

By Jonathan Maze on Mar. 03, 2020

Yum has told executives to limit their travel, while other companies postpone events to prevent the virus’s spread.

Financing

National Restaurant Association predicts moderate growth this year

By Jonathan Maze on Feb. 27, 2020

Restaurants are expected to generate almost $900 billion in sales in 2020, led by quick-service restaurants and takeout.

Financing

A warm January was good for restaurants

By Jonathan Maze on Feb. 07, 2020

Same-store sales grew last month, according to Black Box, and the industry kept on hiring.

Financing

McDonald’s perplexing traffic problem

By Jonathan Maze on Jan. 30, 2020

The burger chain has lost 13% of its same-store customer count over the past seven years, even as store count has shrunk, says RB’s The Bottom Line.

Financing

The chicken sandwich was really big for Popeyes last quarter

By Jonathan Maze on Jan. 13, 2020

Franchisee Carrols Restaurant Group said its Popeyes same-store sales were up more than 21% last quarter, while Burger King underperformed.

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