The COVID-19 pandemic in the restaurant industry seemed to be defined by “under-performing” units closing by the hundreds.
COVID-related indoor-dining closures caused many restaurant groups to face large financial strains.
Starbucks, one of the top 10 restaurant chains on NRN’s Top 200, suffered because of a workforce that went largely remote and abandoned the breakfast daypart. Dunkin’ also faced the same issues.
Between the two quick-service giants, over 1,600 domestic units have permanently closed.
Other brands, such as Ruby Tuesday, Sizzler, Luby’s, Le Pain Quotidien and Matchbox declared bankruptcy, resulting in the closure of units.
Family dining saw large financial downturns during the pandemic as well.
Denny’s franchisee Feast American Diners closed 15 restaurants and Dine Brands Global announced the possible closure of 100 company-owned IHOP units.
See which restaurant groups and franchisees closed units in the midst of COVID.