A preview of Taco Bell’s Go Mobile restaurant design Source: Taco Bell Taco Bell unveiled its latest restaurant design on Thursday, intended to encourage customers to pre-order their nachos and burritos and keep drive-thru lines short, as the coronavirus pandemic leaves lasting marks on consumer behavior. The pandemic has prompted …
Read More »Pizza Hut to close to 300 locations operated by bankrupt franchisee
A Pizza Hut restaurant is set to open on July 2, 2020 in Plano, Texas, USA. Dan Tian | Xinhua News Agency | Getty Images Pizza Hut will close up to 300 locations as part of a deal between the Yum Brands chain and its largest American franchisee, NPC International. …
Read More »Yum Brands (YUM) 2Q 2020 Earnings Report: Same Sales Drop in Same Store
Yum Brands reported Thursday that global sales at the same store fell 15% in the fiscal second quarter, led by falling sales at the KFC brand, but the company said sales began to stabilize at its open locations. Store closings peaked in early April, CEO David Gibbs said in a …
Read More »Restaurant chains that received millions in PPP loans during the coronavirus crisis
A statue of a horse stands at the entrance to a PF Chang restaurant in Schaumburg, Illinois. Scott Olson | fake pictures Large restaurant chains received millions in loans from the Paycheck Protection Program, according to data released Monday by the Small Business Administration and the Treasury Department. Companies in …
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