How One Restaurateur is Weathering the Coronavirus Shutdown
“With sliver-like margins and not enough resources to sustain a prolonged closure, the future looks grim.”
Virus Expected to Slam Retail, Restaurant Sales
S&P expects "very significant disruptions and sales deterioration" through the second quarter due to store closings and economic contraction.
Bar Louie Files Chapter 11 to Pursue Asset Sale
The company has also closed 38 locations as it struggles with declining mall traffic and a shift away from casual dining.
Red Robin Rebuffs Activist’s $519M Buyout Offer
The struggling restaurant chain said its strategic plan is a better option for long-term shareholder value than Vintage Capital's offer.
McDonald’s Shares Jump 6% on Earnings Beat
The company benefited from value deals and increased menu prices as it undergoes the largest construction project in its history.
Arby’s Owner Beefs up With $1.5B Sonic Buy
Sonic is America's largest drive-in chain but has been facing intense pricing competition from bigger fast-food rivals.
Chipotle Same-Store Sales Gain Boosts Stock
The 3.3% increase in Q2 beat analysts' estimates as an increase in average check helped offset 1.8% fewer comparable restaurant transactions.
McDonald’s Serves up 5.5% Comp Sales Gain
The fast-food giant benefited in Q1 from menu price increases that fueled higher check averages in the U.S.
Yum Brands Posts 2% Same-Store Sales Gain
“The fourth quarter was a solid ending to a year where Yum Brands met or exceeded each component of our full-year guidance,” CFO David Gibbs says.
Papa John’s CFO to Take Jack in the Box Job
Lance Tucker is leaving Papa John's after seven years as its CFO and will replace Jerry Rebel at Jack in the Box.
Arby’s Owner Buys Buffalo Wild Wings for $2.9B
After pulling off an impressive turnaround at Arby's, Roark Capital faces a similar challenge at the chicken-wing chain.