Is your favorite restaurant in danger?
While the nation’s largest publicly traded restaurants face a less than 1 in 5 chance of defaulting in the next year, according to the new report by S&P Global Market Intelligence, they remain in perilous terrain.
In contrast to sit-down chains, publicly traded fast-food companies are holding up well, in large part due to robust drive-through offerings. For example, McDonald’s has a less than 1 in 200 chance of defaulting, according to S&P.Dave & Buster's The company said in a July 24 statement that comparable restaurant sales at locations that are allowing indoor dining fell 10.7% for the week that ended July 19, versus a year earlier.“Across our U.S. portfolio, we experienced consistent weekly sales momentum throughout the second quarter as we adapted to this evolving environment.
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