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Chain restaurants used to be pretty stable businesses, so private equity owners had a good idea of what costs and sales would be, she says, but the pandemic made the business much more volatile.
The chain also reported a 1.2% rise in same-store restaurant sales, a 4.8% increase in menu prices, and a 5% drop in retail sales. Before its latest quarter, Cracker Barrel experienced declining ...
Fast-food fans may need to find another spot to satisfy their fried chicken cravings. KFC has joined the growing list of restaurant chains closing locations in 2024.. This week, multiple local ...
The chain saw its sales begin to decline in 2017, filed for Chapter 11 bankruptcy in 2020, and has been closing restaurants ever since, Restaurant Business Magazine reported. Rubio's is now down ...
Rubio's also has been struggling under the shadow of Mexican restaurant giant Chipotle in the hyper-competitive segment known as fast casual. And then there were the costs: rising food prices and ...
Fans of Outback Steakhouse may be surprised to see their local restaurant permanently closed after the chain’s parent company abruptly shut down dozens of locations around the US.. Bloomin ...
Denny's plans to close 150 of its lower-performing restaurants through 2025, 50% of which will close by the end of 2024, ... 50% of which will close by the end of 2024, and slim down its menu.
Mr Kubik said: “Pressure is rising on the restaurant sector every day. More and more of them are shutting their doors as a result. “Restaurants that only just managed to survive the pandemic ...