Board 8 > Dennys, Outback Steakhouse, Dave/Busters, Cheesecake Factory face BANKRUPTCY!!!!

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Full Throttle
08/17/20 11:32:23 PM
#1:


Which of these would you be sad about if these restaurants closed?








According to S&P Global Market Intelligence, The Cheesecake Factory, Denny's, Outback Steakhouse and Dave & Busters are among the restaurant chain's most likely to face BANKRUPTCY in the next year thanks to COVID-19!!

Dave & Busters has the highest chance with 16.1% probablity while Outback Steakhouse has a 13.2, Denny's has a 11.9 and Cheesecake Factry with 11.7...

While it reports they have a higher probability of defaulting, the ongoing financial hits from the virusand uncertainy over whether laid off consumers will get expanded unemployment benefits continue to pressure the industry as more companys enter bankruptcy

Defaulting is more problematic for franchises as Dave and Busters CeO Brian Jenkins told investors he was confident that the gaming restaurant will overcome this

Denny's says they were proud of how they navigated the landscape during the crisis while Bloomin Brands criticized this report saying they mis-characterized the company's recent sales growth

Chuck E Cheese has already filed for bankruptcy as Starbucks, McDonalds, Dunkin, TGI Friday's, Denny's and IHOP have closed thousands of restaurants already

300 Pizza Huts will also be closed, most dine in locations that are not suited for delivery and carryout

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