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sales and profits

Financing

Fewer NYC restaurants were able to pay full rent in August

About a third could not pay any rent at all, according to a study by the New York City Hospitality Alliance.

Financing

J. Alexander’s sales surge in September

Sales have recovered to more than 90% of pre-COVID levels. Management says August was the turning point.

Operations

Restaurants are on pace to lose $240B in sales this year

By Peter Romeo on Sep. 14, 2020

The National Restaurant Association said industry sales plunged 34% last month, and 100,000 locations could close in 2020.

Financing

Garbanzo Mediterranean Grill declares bankruptcy

By Jonathan Maze on Aug. 14, 2020

The fast-casual franchise, struggling before the pandemic, said steep declines in sales and royalty income made matters worse.

Financing

Steak 'n Shake’s losses narrow as more units close

By Peter Romeo on Aug. 11, 2020

The chain’s revenues fell nearly 50%.

Financing

Restaurant earnings roundup: BK’s largest franchisee, J. Alexander’s, Chuy’s, Fatburger

By Peter Romeo on Aug. 07, 2020

Smaller-cap operators have found the pandemic to be a mixed challenge.

Financing

Burger King’s owner plans to close hundreds of restaurants

By Jonathan Maze on Aug. 06, 2020

Restaurant Brands International is working with operators of its brands, including Popeyes and Tim Hortons, to close underperforming restaurants.

Financing

Wendy’s sales soar in July, thanks to breakfast

By Jonathan Maze on Aug. 05, 2020

The chain’s same-store sales rose 8.2% during the month, and the company is now planning to spend big to market the daypart later this year.

Financing

A look at Starbucks’ U.S. comeback strategy

By Jonathan Maze on Aug. 04, 2020

The coffee giant is banking on a new store strategy, its growing loyalty program and plant-based food to recover sales lost due to COVID-19.

Financing

Ruth's Chris finds healthier margins in the pandemic's limitations

By Peter Romeo on Aug. 03, 2020

Restaurants that kept dining rooms open in June saw year-over-year improvement.

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