Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 232
Financing

Top 500: The biggest chains got bigger

The top 20 chains accounted for three-quarters of the Top 500’s sales growth, even as they largely held off from adding locations.

Food

Chicken rules the roost in the Top 500

Popeyes’ sandwich and Chick-fil-A’s consistency proved again that America can’t get enough chicken.

The industry likely lost half of its sales in the second half of March, according to federal retail sales data.

Yet most of the chains that applied for the funds weren’t exactly megachains, and most of them had existing problems, says RB’s The Bottom Line.

Delivery has surged since the shutdown, but price concerns, regulatory moves and operators’ own adjustments suggest it will look a lot different once life returns to normal.

More chains and independents are bringing orders to the curb. The service could stick around.

The former CiCis CEO takes over for the retiring Lenny Comma, while Dave Goebel was named nonexecutive chairman.

But the fast-food chain’s same-store sales are down 17% over the past five weeks as it takes steps to help its franchisees.

Several operators have confirmed a sales increase coinciding with the arrival of federal help, says RB’s The Bottom Line.

The coffee giant plans to open with modified operations and safety measures as it shifts to a new phase in its coronavirus response.

The company is apparently looking to restructure its loans amid operating challenges from the coronavirus shutdown.

Numbers from Black Box Intelligence indicate that the industry has found its bottom and is slowly regaining some customers.

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