PizzaRev Down to 13 Locations After Round of Closures
After permanently closing eight Los Angeles County locations, PizzaRev is down to just 13 total domestic units, according to its website.
Finance
Report: COVID-19 Spikes Not Affecting Restaurant Sales Yet
The spikes in COVID-19 cases in states that have reopened restaurant dine-in services haven’t yet impacted the continuing improvement in major restaurant chain transaction declines as m
Why Chipotle has ‘Home Run’ Potential After COVID-19
It would be “an absolute home run,” Chipotle CEO Brian Niccol said. As markets reopen, can restaurants retain digital business souped-up by COVID-19?
Noodles & Company Keeps Eyes on Off-Premises as Sales Rise
Noodles & Company’s sales are continuing to recoup after seeing figures drop as much as 55 percent systemwide in the final week of March.
Restaurant Industry Has Already Lost $120 Billion
While sales ticked up for some restaurant chains in May, the overall effect on the industry remained crippling.
Grubhub to Merge with Just Eat in $7.3 Billion Deal
In the wake of negotiations breaking down with Uber, Grubhub will merge with Just Eat Takeaway, a third-party delivery provider based in Europe, for an estimated $7.3 billio
Yum! Sales Gain Momentum, Set New Heights
After a slow start early into the pandemic, Yum! Brands—parent of Taco Bell, KFC, and Pizza Hut—picked up steam in May, reaching record sales in some cases.
Chuck E. Cheese Parent Aims to Avoid Bankruptcy
Chuck E. Cheese parent CEC Entertainment is reportedly looking to raise funds to avoid bankruptcy.
Wendy’s Solves Beef Supply Problems as Sales Bounce Back
Wendy’s appears to have turned a corner as global same-store sales grew in the low single digits during the final week of May.