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Two-Thirds of Public Restaurants Are Seen at Risk of Bankruptcy

  • Large chains likely to get bigger amid dining industry M&A
  • Sit-down restaurants will fare the worst, analysis shows
Covid-19 Restrictions Remain In Place For Des Moines As Iowa Begins To Reopen
Photographer: Rachel Mummey/Bloomberg

Nearly two-thirds of publicly traded restaurants are at risk of bankruptcy as the Covid-19 pandemic batters the industry, according to a new study.

The concern is higher for small companies and restaurants that specialize in dine-in, consulting firm Aaron Allen & Associates said in an analysis. It identified Bloomin’ Brands Inc., Potbelly Corp. and Chili’s owner Brinker International Inc. among those at greater risk.