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Financing

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

Financing

Chick-fil-A to suspend dine-in service

The company said it is temporarily closing dining room seating over coronavirus fears, joining Starbucks in going takeout-only.

Financing

Restaurant stocks crash again as fears over dine-in closures mount

Denny’s was the first U.S. chain to acknowledge that the coronavirus would impact its quarterly results.

The company expects most of its operators to take the same stance amid growing demands to eliminate dine-in visits to stem the spread of the coronavirus.

He also said restaurants should cut their occupancies in half, but stopped short of ordering outright closure.

Maryland, New York, New Jersey, Connecticut and Kentucky have all restricted establishments to takeout and delivery as coronavirus disruptions spread.

The chain is going to a takeout-only model to reduce the spread of the coronavirus as chains focus increasingly on drive-thru and delivery.

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

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

The coronavirus has hit independent restaurants hard, as Alinea's data shows. Momofuku announced Saturday night it would close all units until further notice.

As local governments take steps to limit the coronavirus and sports teams cancel games, the industry faces a dramatic downturn, says RB’s The Bottom Line.

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