Financing

How your restaurant sales and profits compare to competitors' and what you can do to improve financial performance

Brio and Bravo parent files for Chapter 11 bankruptcy after closing 71 units

By Peter Romeo on Apr. 11, 2020

Additional closings and a sale of the company could follow, according to court documents.

Restaurants give Congress a new aid wish list

By Peter Romeo on Apr. 10, 2020

Changes are needed in the current programs to avoid further devastation of the industry, the National Restaurant Association told congressional leaders. Those adjustments would be in addition to billions more in aid.

Financing

Restaurants appeared to be enjoying a strong start to 2020

By Jonathan Maze on Apr. 10, 2020

The coronavirus interrupted great quarters for several chains, making a year of growth into one of financial rescue, says RB’s The Bottom Line.

Financing

Black Box: Same-store sales fell 28% in March

By Jonathan Maze on Apr. 09, 2020

The industry had its worst month on record, and even that doesn’t fully account for how bad it was.

Financing

Another 6.6 million people filed for unemployment

By Jonathan Maze on Apr. 09, 2020

Nearly 17 million Americans have been left jobless in just the past three weeks, with many of them undoubtedly restaurant workers, says RB’s The Bottom Line.

Financing

Ruby Tuesday’s owner wants any restaurant to be a ghost kitchen

By Jonathan Maze on Apr. 09, 2020

NRD Capital has created Franklin Junction, a company that creates “host kitchens” in restaurants that have excess capacity and need sales.

Financing

NCR Announces Partnership with NYMBUS to Facilitate Loans for Small Businesses

Sponsored content from our partner NCR on Apr. 09, 2020

NCR Corporation (NYSE: NCR), a global enterprise technology provider for the banking, retail and hospitality industries, today announced an agreement with NYMBUS to assist small businesses impacted by COVID-19 with accessing Small Business Administration (SBA) Paycheck Protection loans.

Financing

At McDonald’s, the coronavirus interrupted a strong start

By Jonathan Maze on Apr. 08, 2020

U.S. same-store sales were up 8.1% in January and February before falling 13% in March, prompting delays in capital spending, cuts in executive pay and increased franchisee assistance.

Financing