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Overall, restaurant spending has fallen in four of the past six months for the first time since the pandemic began, Census retail sales data shows. Restaurant cost increases are barely slowing, in ...
McDonald's investors will look for signs of near-term sales disruption from the recent E. coli outbreak linked to its Quarter Pounder hamburgers when it reports third-quarter results on Tuesday.
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.
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Restaurant open for takeout only, March 29. The city's restaurant industry was impacted by the state's bar and restaurant ban. With all restaurants and bars closed to dining in, many in the area have stayed open for carryout and delivery services.
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 ...
The US restaurant industry was projected at $899 billion (~$1.04 trillion in 2023) in sales for 2020 by the National Restaurant Association, the main trade association for the industry in the United States. [2] [3] An estimated 99 percent of companies in the industry are family-owned small businesses with fewer than 50 employees. [4]
Max & Erma's is an American casual dining restaurant chain based in Columbus, Ohio. As of April 2024, the company operates seven locations in Indiana, Michigan, Ohio, and Pennsylvania, down from a peak of 110 restaurants across more than 12 states in the mid-2000s. [1] It was founded in 1972 by Todd Barnum and Barry Zacks.