Famous Dave's parent secures $13M PPP loan

After new restrictions on lending were put in place for public companies, BBQ Holdings remained eligible because it is considered a nano-cap business, with a capitalization below $50 million. 

By Alicia Kelso • May 6, 2020

Uber Eats to leave 8 global markets

Uber will shutter its food delivery operations in the Czech Republic, Egypt, Honduras, Romania, Saudi Arabia, Ukraine, Uruguay and the United Arab Emirates. 

By Julie Littman • May 6, 2020

Shake Shack will add drive-thrus, pickup windows to restaurants

The new "Shack Track" store remodels are designed with social distancing in mind, but CEO Randy Garutti didn't disclose how many locations will be overhauled. 

By Emma Liem Beckett • May 6, 2020

McDonald's gives 10% bonus to employees working in company-owned stores

In addition to the bonus pay for working amid the pandemic, an internal memo obtained by Business Insider said franchisees should offer an emergency relief fund. 

By Thai Phi Le , Emma Liem Beckett • May 6, 2020

18% of Wendy's restaurants aren't serving hamburgers, report finds

Wendy's CEO Todd Penegor said on an earnings call Wednesday that the chain's beef supply is likely to experience a "couple of weeks of challenging tightness." 

By Emma Liem Beckett • Updated May 7, 2020

KFC hosts virtual Mother's Day dinners on Facebook Messenger

The chain created a virtual Mother's Day experience to help people celebrate the occasion while the pandemic keeps them apart.

By Robert Williams • May 5, 2020

Dave & Buster's raises $100M from stock sale

The sale to Jeffries will bolster its balance sheet as the chain struggles, recently closing all of its 137 locations and furloughing 15,000 hourly workers. 

By Julie Littman • May 5, 2020

BJ's receives $70M investment from Ron Shaich's firm

The funds from Act III Holdings will help the casual dining chain, which laid off 16,000 hourly employees in April, bring back its staff and reopen dining rooms. 

By Julie Littman • May 4, 2020

McDonald's primes supply chain for potential meat shortage

The chain is now limiting allocation of its meat supply as the U.S. faces potential shortages due to slaughterhouse closures.

By Alicia Kelso • May 1, 2020

Taco Bell, Chipotle adjust marketing around Cinco de Mayo amid coronavirus

One is leaning into an influencer-led TikTok activation, while the other is translating its experiential expertise to an at-home environment.

By Peter Adams • May 1, 2020

Popeyes chicken sandwich boosts quarter despite coronavirus pressure

Even during the pandemic, the chicken sandwich's popularity didn't wane. Comp sales were up 26.2% globally while traffic grew 40% during Q1 2020.

By Julie Littman • May 1, 2020

Starbucks to rev up marketing as US stores gradually reopen

The chain says it will keep spend within the 2020 advertising budget but squeeze those efforts into an accelerated schedule, as it uses a "monitor and adapt" strategy to reopen stores.

By Robert Williams • May 1, 2020

Chick-fil-A will launch a meal kit nationwide next week

Two years after its initial meal kit test in Atlanta, the chain expects more than half of its system to offer the $14.99 heat-and-eat chicken parmesan meal.

By Emma Liem Beckett • May 1, 2020

Cosi sues SBA for barring it from PPP funding

The chain argues that the Paycheck Protection Program is a lifeline needed to maintain its business and it shouldn't have been restricted from the loans based on its February bankruptcy

By Alicia Kelso • April 30, 2020

McDonald's franchisees frustrated with chain's coronavirus response, survey shows

Some operators argue that rent deferrals are not enough to help them survive as performance lags, per a Kalinowski Equity Research report.

By Alicia Kelso • April 29, 2020

5 steps restaurants should take before bringing back staff

Before restaurants consider reopening their dining rooms, experts say operators should review payroll practices, rehire based on seniority and develop ways to monitor employee health.

By Julie Littman • April 29, 2020

Off-premise may be key to casual dining relief, BTIG research suggests

While sales declines across the casual dining segment are severe, the trend has been steadily improving by an average of 5% per week.

By Alicia Kelso • April 28, 2020

Lenders get 2nd chance to correct PPP flaws

Despite some negative press, the first rollout of the SBA program has let some banks prove they can help their customers even in the worst of times, said David Zaring, a Wharton professor of legal studies and business ethics.

By Anna Hrushka • April 28, 2020

States begin easing dine-in restrictions, but are restaurants ready to reopen?

Restaurants are formulating plans to ramp up operations as states like Georgia and Tennessee ease restrictions, but many think it's too soon. 

By Julie Littman • April 27, 2020

Former workers sue Hooters alleging it failed to give proper notice of mass layoff

The plaintiffs alleged the company violated the Worker Adjustment and Retraining Notification Act when it laid off hundreds.

By Lisa Burden • April 27, 2020

Sonic Drive-In spurs 5x more app downloads with RCS pilot

The fast-food chain saw a customer registration rate that was three times higher for recipients using rich messaging than for more standard MMS.

By Robert Williams • April 27, 2020

Burger King links TV ad with QR code to offer up free Whoppers

In a pair of offers, the QSR urges mobile users to scan a QR code that appears in TV ads and asks them to share screenshots of video calls with friends.

By Robert Williams • April 27, 2020

McDonald's shareholders want to oust chairman over Easterbrook exit package

CtW Investment Group argues the board showed poor leadership when offering the former CEO a generous exit deal even though he violated company policy. 

By Emma Liem Beckett • April 27, 2020

Chipotle CFO: 'Our worst days have passed'

By revamping its business around online advertisements and free delivery, Chipotle has weathered the pandemic better than many restaurant chains. But what will its dining experience look like next year?

By Jane Thier • April 24, 2020

Potbelly will return $10M in PPP funding

The Treasury Department issued guidance April 23 requesting that publicly traded companies repay their Paycheck Protection Program loans by May 7. Returned funds will be allocated for new loans for other qualified applicants.

By Emma Liem Beckett • Updated April 27, 2020