Denny’s, Applebees and other restaurant chains in trouble amid pandemic

Six of the nation’s most popular restaurant chains have been rocked by the pandemic and are facing potential bankruptcy, according to a new report.
1:37 | 08/14/20

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Transcript for Denny’s, Applebees and other restaurant chains in trouble amid pandemic
Now to some of the nation's most popular restaurant chains rocked by the pandemic. According to a new report, six big names are facing potential bankruptcy. Our chief business correspondent Rebecca Jarvis joins us now to explain. Rebecca, good morning. Reporter: Good morning, whit. That's right. Restaurants across the country are facing a daily battle right now. Not only are food prices rising, you see it at the grocery store, well, they see it in their costs going up but with social distancing measures most of these restaurant chains aren't getting the same type of foot traffic that they were getting pre-pandemic, on top of that, the U.S. Consumer with unemployment now above 10% and millions out of work isn't in the mood to spend money and already we've seen more than 16,000 restaurants across the country permanently closed since March and a lot of them are the small mom and pop places, but a lot of them are also these big restaurant chains and now this new report this morning suggesting that the cheesecake factory, outback steak house and Denny's are among the chains at risk of potential bankruptcy if their finances continue on the path that they're on right now, which is one where it's very difficult to make payments to keep up with those rental agreements. Already we've seen major companies across the country, Amy, shutter locations like tji Friday's and Denny's and ihop. Rebecca, thank you for that.

This transcript has been automatically generated and may not be 100% accurate.

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