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In Delaware and Massachusetts, one in ten workers is employed in the restaurant industry. [6] [7] In North Carolina, 11% of workers are employed by the industry. [8] In Texas, 12% of workers were employed by the industry as of 2016. [9] The effect of the 2020 coronavirus epidemic was in March 2020 projected to be $225 billion in losses. [10]
Despite the progress, Restaurant Brands shares have continued to underperform the broader market. Over the past year, its shares are up 14%, compared to a 23% gain for the S&P 500.
Signs on door of a Graeter's ice cream parlor in the Hyde Park neighborhood of Cincinnati during government-mandated closings. The COVID-19 pandemic impacted the United States restaurant industry via government closures, resulting in layoffs of workers and loss of income for restaurants and owners and threatening the survival of independent restaurants as a category.
Nation's Restaurant News (NRN) is an American trade publication, founded in 1967. [1] NRN covers the foodservice industry, including restaurants , restaurant chains , operations, marketing , and events.
Kanwardeep Singh, owner of Pappa Ray's, says the restaurant used to average around $3,000 per day when the french fry plant was in operation. Now, it's down to $600 per day, he said. Closer to the ...
Restaurant Brands International Inc. (RBI) is a Canadian-American multinational fast food holding company.It was formed in 2014 by the $12.5 billion merger between American fast food restaurant chain Burger King and Canadian coffee shop and restaurant chain Tim Hortons, and expanded by the purchases of Popeyes and Firehouse Subs in 2017 and 2021, respectively.
The first location, originally named "The Keg and Cleaver" restaurant was founded in 1971 by George Tidball in North Vancouver, British Columbia. By February 2018, The Keg had expanded to 160 locations in Canada and the United States , when Canadian food industry giant Cara Operations (now known as Recipe Unlimited ) purchased the chain for ...
Whataburger restaurant in Austin, Texas. Whataburger is an American regional fast food restaurant chain, headquartered and based in San Antonio, Texas, that specializes in hamburgers. Founded by Harmon Dobson and Paul Burton, it opened its first restaurant in Corpus Christi, Texas in 1950.