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Fogo de Chao
Units closed: Not released
Layoffs: 90% of staff furloughed, according to the Wall Street Journal
Same-store sales: Not released
PPP loan amount: $20 million ($10 million to each of two restaurants)
Lending bank: Not released
J. Alexander’s Holdings Inc.
Chains owned: J. Alexander’s, Redlands Grill, Stoney River Steakhouse and Grill, Overland Park Grill and Lyndhurst Grill
Units closed: 1 unit temporarily closed
Layoffs: 3,400 employees furloughed
Same-store sales: Down 24.8% in March at J. Alexander’s/Grills restaurants; down 25.6% in March at Stoney River Steakhouse and Grill restaurants
PPP loan amount: $15.1 million ($10 million to J. Alexander’s LLC and $5.1 million to Stoney River Management Company LLC.)
Lending bank: Pinnacle Bank
Fiesta Restaurant Group Inc.
Chains owned: Pollo Tropical, Taco Cabana
Units closed: Not released
Layoffs: Not released
Same-store sales: Not released
PPP loan amount: $10 million
Lending bank: JPMorgan Chase
Shake Shack Inc.
Chains owned: Shake Shack
Units closed: 17 units temporarily closed
Layoffs: 1,000 workers at NYC headquarters were laid off
Same-store sales: Down 28.5% in March
Liquidity: $112 million cash on hand as of April 12
PPP loan amount: $10 million
Lending bank: JPMorgan Chase
Ruth’s Chris Hospitality Corp.
Chains owned: Ruth’s Chris Steakhouse
Units closed: 23 units temporarily closed
Layoffs: A “significant number of field and home office team members” have been furloughed
Same-store sales: Not reported
PPP loan amount: $20 million ($10 million to RCSH Operations, LLC and $10 million to RCSH Operations Inc.)
Lending bank: JPMorgan Chase
Potbelly Corp.
Chains owned: Potbelly Sandwich Shop
Units closed: Not released
Layoffs: Not released
Same-store sales: Not released
PPP loan amount: $10 million
Lending bank: JPMorgan Chase
Sweetgreen
Units closed: Not released
Layoffs: 10% of the 350-person staff at LA headquarters were laid off on April 17
Same-store sales: Not reported
PPP loan amount: $10 million
Lending bank: Not reported
Kura Sushi
Units closed: All 25 units have been temporarily closed
Layoffs: 35% of staff have been furloughed
Same-store sales: Not reported
PPP loan amount: $5.10 million
Lending bank: Bank of the West
Meritage Hospitality Group
Chains owned: Wendy’s franchisee group
Units closed: 8 units temporarily closed
Layoffs: Not reported
Same-store sales: Approximately down 20%-25% in March
PPP loan amount: $29.1 million
Lending bank: Not reported
RAVE Restaurant Group
Chains owned: Pizza Inn, Pie Five Pizza Company
Units closed: Not released
Layoffs: Not released
Same-store sales: Not reported
PPP loan amount: $656,830
Lending bank: JPMorgan Chase
