Restaurants Brace for Second Wave of COVID-19
As New Jersey and New York reopen outdoor dining at restaurants and progress to “Phase 2” reopenings, hospitalizations are soaring in Arizona, Texas, Florida, and Tennessee. Global daily new cases…
As New Jersey and New York reopen outdoor dining at restaurants and progress to “Phase 2” reopenings, hospitalizations are soaring in Arizona, Texas, Florida, and Tennessee. Global daily new cases…
The U.S restaurant industry has lost $120 billion of revenues from March to May this year due to the coronavirus, according to a definitive National Restaurant Association survey of 3,800…
Domino’s Pizza (NYSE: DPZ) went public in 2004, and it has delivered a superior return to its shareholders, better even than Google (NASDAQ: GOOGL). “It’s pretty amazing,” said Joe Weisenthal….
“I have great confidence in the restaurant business. We’ve been dealing with invisible enemies since our inception. We’ve called it bacteria. Bars and restaurants deal with bacteria every day,” says…
“Social distancing measures, primarily the dining room closures, have really hurt restaurant sales throughout late March through May,” said Bloomberg restaurant analyst Michael Halen today on national radio. “In May,…
Yum! Brands (NYSE: YUM), the $28 billion bellwether for the fast-casual restaurant industry, disclosed to regulators today that 92% of its North American restaurants have reopened. It has reopened over…
Food truck owners can learn from the instructive experiences of their Chinese counterparts during the past two weeks. China’s aggressive revival of street cart businesses at the end of May,…
The May jobs report beat everyone’s expectations at 8:30am EDT this morning. The U.S. Bureau of Labor Statistics’ (BLS) national unemployment rate for May was 13.3%, nearly one third better…
Delinquencies on U.S. restaurant mortgages tripled from April to May. From 3.67% in April, U.S. retail establishments’ unpaid commercial mortgages increased to 10.14% in May. Restaurants have been one of…
Even though many restaurant owners have already applied for financial assistance, there are distinct sources of relief that many restaurant owners have overlooked. With over $52 billion of lost revenue,…
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