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Cheesecake Factory

Operations

Cheesecake Factory finds outdoor service nearly matches dine-in volumes

It's also held onto 90% of to-go sales at locations that have re-opened dining rooms.

Operations

Racial turmoil shuts 87 Cheesecake Factory restaurants

The operations were fully or partially closed as reopened units saw sales climb back to 75% of pre-COVID levels.

Off-premise sales are running at an annual rate of about $4 million a year.

First Cheesecake Factory, then BJ’s Restaurants, now Dave & Buster’s. RB’s The Bottom Line looks at the latest trend in investing amid the coronavirus.

The 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.

Per-unit sales are running at about a third of the volume of pre-COVID-19 days, but that's still $3 million in annual per-store revenues. And costs have been aggressively cut.

Takeout and delivery business recently jumped 85%, but comps for March fell 46%.

The company said it is negotiating with landlords for a break on rent for the duration of the COVID-19 crisis.

Landlords have been alerted by letter that restaurants will stop payments beginning with their April obligations.

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