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Report: Denny's, Wendy's and Domino's among restaurants in danger of bankruptcy (Obama Depression)
WCPO ^ | 06/30/2011 | Pete Kenworthy

Posted on 06/30/2011 1:45:17 PM PDT by TSgt

Following bankruptcy filings by Sbarro, Perkins and Marie Callender’s this year, new data suggests that other popular restaurant chains are in danger of following suit.

TheStreet.com recently looked at restaurants based on their Altman Z-Score. The website says the score is based on “several aspects of a company's financial health -- including working capital, total assets, total liabilities, market capitalization, sales, retained earnings and earnings before interest & taxes (EBIT) -- to forecast the probability of it going bankrupt within two years.”

Since it began the scoring system in 1968, TheStreet says the formula has been 72 percent accurate in predicting corporate bankruptcies two years prior to the filing.

The list of restaurant in order of most at risk to file for bankruptcy (limited to those with a market capitalization of $100 million):

1. Denny’s 2. Wendy’s/Arby’s 3. Morton’s Restaurant Group 4. DineEquity (IHOP, Applebee’s) 5. Domino’s Pizza 6. Bravo Brio Restaurant Group 7. McCormick & Schmick’s 8. Ruth’s Hospitality Group (Ruth’s Chris Steak House, Mitchell’s Fish Market) 9. O’Charley’s 10. Einstein Noah Restaurant Group


TOPICS: Business/Economy; Extended News; News/Current Events
KEYWORDS: bankruptcy; bhoeconomy; fastfood; restaurants
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To: Yorlik803
Four scrambled eggs, 8 strips of bacon, homefries and english muffin.

Might I suggest a side-order of Lipitor?

181 posted on 06/30/2011 5:14:29 PM PDT by clee1 (We use 43 muscles to frown, 17 to smile, and 2 to pull a trigger. I'm lazy and I'm tired of smiling.)
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To: TSgt
A local Hooters even closed.

when young scantily clad nubile women cannot entice men to eat a hamburger you know you are in trouble

182 posted on 06/30/2011 5:17:19 PM PDT by woofie
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To: bert

That sandwich is consistently good at both Perkins around here. I even call ahead and pick up a takeout of it occasionally.


183 posted on 06/30/2011 5:22:19 PM PDT by MHGinTN (Some, believing they can't be deceived, it's nigh impossible to convince them when they're deceived.)
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To: boop

That’s unfortunate, I have good memories of Bill Knapps from my days as a college student.

As for franchise chains that went belly up, I can recall “Red Barn” and “Burger Chef” which were pretty much direct McDonalds competitors but much smaller.

And you’re absolutely correct on Church’s.
Gotta get you gangsta on to stop in there, LOL.


184 posted on 06/30/2011 5:26:53 PM PDT by nascarnation
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To: AGreatPer

I lived in Indiana and they had a restaurant chain called “Sirloin Stockade”. Very similar to Golden Corral, which we also had, with the same “clientele”. The average weight of the customers was probably 280 lbs. Great food, extremely well run and CLEAN. And the fresh buttered rolls were to die for. They were always busy, especially friday and saturday nights. I always went on wednesday, which was sausage and peppers night.


185 posted on 06/30/2011 5:28:46 PM PDT by boop ("Let's just say they'll be satisfied with LESS"... Ming the Merciless)
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To: boop
The average weight of the customers was probably 280 lbs.

LMAO, how true. I haven't been to an "Old Country Buffet" in years, but that was a perfect description of their clientele.

186 posted on 06/30/2011 5:37:01 PM PDT by nascarnation
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To: Sacajaweau
I’ve never tried Arby’s...What’s good??

REAL RB used to be great. Unfortunately, that key ingredient has been missing for years.

187 posted on 06/30/2011 5:38:39 PM PDT by PJ-Comix
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To: arrogantsob

“The key to the asylum should be “I think I will open a restaurant.””

Great comment!


188 posted on 06/30/2011 5:39:17 PM PDT by HereInTheHeartland (Real hope and change comes in January 2013)
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To: nascarnation

Obviously you come from the midwest, as I do. Red Barn was yummy. And I loved the Burger Chef “works bar”. Hardees (which bought out BC) had a special revival of the “Super Shef” burger. I think I ate there for 2 months straight. I really miss Frisch’s Big Boy and Skyline Chili. It is funny about Church’s chicken. I was in a not so nice area of Dayton, when I saw a Church’s on fire. Sure enough, they re- opened in a couple of weeks. I’m trying to remember, but wasn’t Church’s accused of “racism” because they were ridiculously accused of putting chemicals in their food to make black men impotent? Probably a rumor started by the owners of Popeye’s chicken.


189 posted on 06/30/2011 5:40:59 PM PDT by boop ("Let's just say they'll be satisfied with LESS"... Ming the Merciless)
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To: PJ-Comix

Yes Arby’s has gone downhill. Their meat is nasty now, congealed, pressed “beef”. Tastes weird. Rax roast beef had switched to this type of beef-loaf and they’re long gone. Roy Roger’s used to be great for roast beef, but I haven’t seen one in years.


190 posted on 06/30/2011 5:44:42 PM PDT by boop ("Let's just say they'll be satisfied with LESS"... Ming the Merciless)
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To: boop
They sell Skyline chili in cans and plastic microwaveable containers in supermarkets here in Indianapolis.

I'm not sure how faithful it is to the restaurant recipe.

191 posted on 06/30/2011 5:46:57 PM PDT by nascarnation
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To: nascarnation

I’ve had those products, but it’s just not the same by a long shot. Skyline is only good when fresh, covered with a half-pound of shredded cheddar. I tell my wife about how good Skyline is, but she is disgusted by the idea. She’s a lifelong Seattle resident, and we live on the west coast, so she’ll never get the chance to try it. I can’t be too judgemental. I never liked “scrapple” when I lived in Baltimore.


192 posted on 06/30/2011 5:52:43 PM PDT by boop ("Let's just say they'll be satisfied with LESS"... Ming the Merciless)
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To: clee1

I dont do it all the time. If I did, my butt would be as large as a double wide.
It is a treat I allow myself from time to time.


193 posted on 06/30/2011 6:02:58 PM PDT by Yorlik803 (better to die on your feet than live on your knees.)
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To: alice_in_bubbaland

That is the one and only time we’ve been to Ruth Chris. We learned our lesson. Lol
For that price we could’ve stayed at the Marriott there, which is gorgeous.
Glad hubby got a kick out of it. ;)


194 posted on 06/30/2011 6:06:51 PM PDT by sheana
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To: GnuHere

“Although the Applebee’s here is so crappy I would pay to shut it down..”

LOL! Same here. It’s impossible to watch a decent college game at Appleby’s on Saturday afternoon. We get Division III games like Rhode Island College of Hayrakers vs Plumbers U.


195 posted on 06/30/2011 6:10:14 PM PDT by sergeantdave (The democrat party is a seditious organization that must be outlawed)
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To: PJ-Comix

Have you tried the Market Fresh group of sandwiches at Arby’s? That is all I like at Arby’s and the Roast Beef and Swiss w/o mayo is great!


196 posted on 06/30/2011 6:49:41 PM PDT by TruthSlayer
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To: ex-snook

The soft Obama propagandist appears.

Obamacare, Boeing, Stimulus going to cronies... it all means nothing.

Sorry pedal it somewhere else.


197 posted on 06/30/2011 6:59:23 PM PDT by sgtyork (The secret of happiness is freedom, and the secret of freedom, courage. Thucydides)
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To: TSgt

‘Gone Galt’ here...not one extra dime being spent on ANYTHING outside of food and fuel UNTIL this country shows some sign of getting back on the right track.


198 posted on 06/30/2011 7:40:52 PM PDT by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: kjo
For a long time Wendy’s was the high end adult burger...price competitive with Mickey D’s and Burger King but fresher and better.

Now there’s Culver’s, Johnny Rocket’s, and Sonic...all better and less costly than Wendy’s...they are being squeezed.

It's interesting to read this thread and see how regions are so different from each other. The Wendy's around the corner from me seems to be doing fine (a steady stream of customers), the food is good quality (much better than the Wendy's of 15 years ago), good menu variety (more than just burgers and chicken sandwiches) and the servers are very friendly.

On the other hand, our Johnny Rocket's went under about a year ago, and Sonic has closed several of their local sites in the last few months.

As someone said upthread, the franchisee must really make the difference.

199 posted on 06/30/2011 7:45:20 PM PDT by annie laurie (All that is gold does not glitter, not all those who wander are lost)
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To: TSgt

What exactly is the, um, “danger” of bankruptcy? They file Chapter 11, close a few stores, lay off some deadwood, terminate a few contracts, and continue operations with no debt. Not getting the “danger.” It’s what you do when you get too bloated.


200 posted on 06/30/2011 7:47:53 PM PDT by Larry Lucido
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