6 beloved catering chains that have major problems right now
The devastating hits continue to come for the restaurant industry as pandemic problems hanging out.
You may have fewer options for where you can eat soon. It's because coronaviruslocking-And in progressSecurity concerns about the indoor dining room-Serve threatened the lively livelihoods of the entire restaurant industry. IndependentRestaurant owners have been particularly affected, but even some big fast chains, near you might not do it.
The sad reality is that the sales of restaurants and bars dropped by 26% in June, compared to last year, according to a new report ofStandard & Poors (S & P) global market intelligence. S & P has also published data on the risk of failing cherished channels in the following year, but with the breathtaking challenges of winter and unemployment benefits, such asUnited States today Stresses, more restaurants can go bankrupt than you may not think.
Here are the 6 largest restaurant chains facing the strolls. (And, to stay informed, make sure youSubscribe to our newsletter.)
Denny's
According to the S & P report, the nascent breakfast articulation is faced with a chance of 11.9% default fault. It may seem low, but the previous oneReport S & P says that the percentage of failure ratings was less than 10%. (In touch:27 beloved restaurants that disappear quietly)
Dave & Buster's
Dave & Buster's may be better known as Arcade to some, seeing as many video games and carnival activities. But it's a casual gastronomic restaurant. According to S & P, it has the worst credit rating of the largest nation restoration companies and a 16% default chance in the following year. (In touch:The secret reason many fast food halls do not open time soon.)
STEKHOUSE OUTBACK
The parent company of Steakhouse OUTBACK STEKHOUSE BLOOMIN 'Brands has more than 13% of default, according to the recent S & P report. The Australian theme steakhouse has adapted to challenges to which the pandemic, but it may not suffice. be not. (In touch:11 beloved restaurant meals that have disappeared discreetly.)
The Cheesecake factory
The cheese plant did somemajor changes when they reopened After locking, but it is still confronted with rigid financial titles. According to S & P, the Cheesecake plant is faced with 11.7% risk of failure of its debts. (In touch:The restaurants in these 5 big cities are closed again.)
Applebee and IHOP
Applebee and IHOP share the same business owner, Global Brands Dine (who knew?), But unfortunately for them, S & P says they have a chance of 11.3% default. It turns out that IHOP had a raging race than its company sister, as this year's sales decreased by more than 37%, compared to 18% at Applebee. (In touch:50 things that popular restaurant chains do not want you to know.)
Bj's
The newest S & P report gives this pizza and beer chain a 9.3% default chance. The California-based restaurant saw sales of the same store in 57.2% for the second quarter, according toOnline business restaurant.
For more, discoverThese main changes you can expect to restaurants in the coming days.