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“The U.S. restaurant industry finds itself on the menu,” he wrote in a column for the Daily Mail. Don't miss Beating the market is no myth: These expert stock-pickers' recent success could ...
Full-service chains like Red Lobster, TGI Fridays and others are having a hard time
TGI Fridays isn't alone either — other restaurant chains that have recently filed for bankruptcy include Red Lobster, Ruby Tuesday's, and Sbarro. Though many are hoping for a rebound with ...
Like other fast-food chains on this list, most McDonald's locations will be open on Christmas Eve and Christmas Day, but it depends on the location. 8. Panda Express
Liquidity was raised to about $1B after a loan and additional financing were secured. Bed Bath & Beyond's stock was also down on the market by 28%. Analysts warned that the company was teetering on the edge of a Chapter 11 bankruptcy filing, citing that it could be too late to turn things around and that the company could default on its debt. [40]
Amid escalating operational costs and changing consumer behaviors, the U.S. restaurant industry faces unprecedented closures, with financial strain evident across famed chains and local eateries.
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Darden Restaurants raised its annual sales forecast on Thursday, banking on higher menu prices and more people dining at its chains including LongHorn Steakhouse and Olive Garden in the holiday ...