USA restaurants face high odds of defaulting and possible bankruptcy

Two more big companies, Cheesecake Factory, and Dave & Busters are expected to file for bankruptcy and it will mean that businesses are still struggling even though they are operating during the pandemic. The year 2020 is looking like a brutal year for businesses and unemployment as companies continue to face the possibility of defaulting on loans and many are unable to meet their debt obligations.  

Cheesecake Factory has announced that it would file for bankruptcy, also, Dave and Buster will follow the same path as they are also trying to navigate a way to stay in business. 

In recent studies, data released by data company S&P Global Market Intelligence reported that many top restaurants have a high probability of defaulting this year and we have seen a number of top companies file for bankruptcy already. See the report here Odds of default ease for biggest US restaurants, but pandemic woes persist

Joining the list of companies that have filed for bankruptcy are, Dave $ Buster, Cheesecake factory, Pizza hut biggest Franchise Group NPC International and it appears that many more companies may also file chapter 7 or chapter 11 bankruptcy.

According to the S&P Global Market Intelligence, these companies top the list of companies that may default soon. 

Disclaimer:

Investingport own Wingstop. This post is for informational purposes only, you are to do your own due diligence before investing or buying any of the stocks mentioned in this post.