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coronavirus_chains

Financing

With sales down 61%, J. Alexander’s reconsiders delivery

 By Peter Romeo on Jun. 10, 2020

The polished casual dining chain is testing the service, potentially ending a long-held prohibition.

Operations

Red Robin adjusts to a changed consumer

 By Peter Romeo on Jun. 10, 2020

Research conducted by the chain revealed new guest preferences and concerns. Here's how the brand is responding to conditions cited by a number of chains as the new reality.

Operations

Despite supply issues, Wendy’s sales climb nearly to 2019 levels

By Peter Romeo on Jun. 09, 2020

The burger chain said same-store sales were down just 1.9% for May.

Financing

Chili’s pays all its rents, with cash left over for debt service

By Peter Romeo on Jun. 09, 2020

Sales at the 873 units with reopened dining rooms have risen to within 10.8% of the year-ago level, parent Brinker International says.

Financing

These restaurant chains have declared bankruptcy due to the coronavirus

By Joe Guszkowski on Jun. 08, 2020

They could be “the tip of the iceberg,” as one CEO warned.

Operations

Racial turmoil shuts 87 Cheesecake Factory restaurants

By Peter Romeo on Jun. 03, 2020

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

Operations

TGI Fridays finds COVID to be a mother of invention

By Peter Romeo on Jun. 02, 2020

The casual-dining chain's adjustments run from field tents to headquarters. Or is that the call center?

Operations

Cracker Barrel moves forward with pre-COVID initiatives

By Peter Romeo on Jun. 02, 2020

A new menu, a test of alcoholic beverages, the expansion of Maple Street Biscuit Co. and the launch of a "digital store" are all moving forward.

Financing

Red Robin warns of a struggle to stay in business

By Peter Romeo on Jun. 01, 2020

The casual chain's revised credit facility requires $25 million to be raised from equity, and management has aired doubts about doing it in time.

Leadership

Olive Garden’s parent reinstates execs’ pre-COVID salaries

By Peter Romeo on Jun. 01, 2020

Gene Lee went from zero dollars, the pay level he set for himself to help Darden Restaurants and its employees, to $1 million a year.

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