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Peter Romeo

Editor at Large

Articles by
Peter Romeo

Page 147
Operations

Surge in Olive Garden’s to-go volume holds unit sales slide to 44.8%

The Darden Restaurants chain is now generating takeout and delivery sales at an annualized rate of $2.8 million per store.

Financing

Restaurants press Congress for $240B in industry-specific aid

The grants would be part of the National Restaurant Association’s Blueprint for Recovery, a direct-payment program that would be in addition to restarting the Paycheck Protection Program.

Financing

Roark Capital buys a piece of Cheesecake Factory

The private-equity firm, which owns Arby's and Buffalo Wild Wings, has acquired 200,000 shares of preferred stock for $200 million.

Financing

Restaurants say the PPP needs more than just additional funds

Operators say the process was an ordeal, and the terms may yield less assistance than was intended.

Operations

States given guidelines on reopening dining rooms

The White House’s plan for restarting the economy calls for reactivating dine-in service in three phases, with safety checks before each.

Operations

Hundreds of IHOP, Applebee’s units have closed, parent Dine Brands Global indicates

The company said it is furloughing corporate employees but did not reveal how many.

Financing

Federal relief loan programs run out of money

The SBA says it has stopped accepting PPP applications. Restaurants that applied for the agency’s other COVID-19-related relief loans will be processed on a first-come, first-served basis.

Operations

With strong off-premise sales, Bloomin’ forgoes furloughs

None of the Outback parent’s 90,000 employees have been laid off because of the COVID-19 crisis. Comps are down 31%.

Financing

While small operations struggle, chains land PPP loans

The relief funds have flowed to operations such as Ruth’s Chris and Potbelly.

Operations

Grocery sales prove a boon for Beef ‘O’ Brady’s, but not without sweat

Branching into retail has brought its own set of challenges.

Leadership

Restaurant operators get multiple seats on Trump’s reopening panel

Nearly two dozen industry representatives, from chain CEOs to owner-operators and suppliers, will serve as a sounding board.

Operations

Red Robin closes stores, cuts staff

The 35 shuttered units were mostly mall locations, the company said.

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