Thursday, April 9, 2020

The US Restaurant Companies Had Total Stock Buybacks of $49 Bil in the First Three Years of the Trump Administration (2017-2019), Which Generally Helped Immensely Their Company Stock Prices and the Wealth of Both Their Executives and Their Stockholders. But Just How Have These Restaurant Companies Helped Their Employees and the Employees of Their Franchisees Who Have Both Been Paid Meagerly and Risking Their Lives in This Pandemic War-Like Work Environment. The US Congress Shouldn't Give a Dime of Additional US Taxpayer Money to Bail Out Restaurant Companies/Franchisors or Their Franchisees Until the Restaurant Company/Franchisor and Franchisee Both Economically Step Up to the Plate To Better Protect Their Own Employees and Also Reward Them With Healthy Combat Pay Incentives.

From SEC filings, the below table shows the annual stock buybacks of many very popular publicly-held US restaurant chains for each of the three most recent fiscal years.


Stock
Stock Stock Stock Buybacks
US Restaurant Corps Buybacks Buybacks Buybacks Three Years
Stock BuyBacks FYE 2019 FYE 2018 FYE 2017 Combined
mils $ mils $ mils $ mils $
               
Starbucks            10,222              7,134              2,043            19,399
McDonald's              4,976              5,208              4,686            14,870
YUM Brands                 815              2,390              1,960              5,165
Domino's Pizza                 699                 591              1,064              2,354
Brinker Intl                 168                 303                 371                 842
Dunkin' Brands Group                   30                 680                 127                 837
Jack in the Box                 138                 326                 334                 798
Yum China Holdings                 265                 307                 128                 700
Darden Restaurants                 208                 235                 230                 673
Chipotle Mexican Grill                 191                 161                 285                 637
Wendy's Co                 218                 270                 126                 614
Bloomin' Brands                 107                 114                 273                 494
Papa John's Intl                    -                   158                 210                 368
Cheesecake Factory                   51                 109                 123                 283
Aramark                   50                   24                 100                 174
BJ's Restaurants                   83                   20                   67                 170
Dine Brands Global                 110                   34                   10                 154
Texas Roadhouse Inc                 140                    -                      -                   140
Ruth's Hospitality Group                   26                   19                   24                   69
Panera Bread                    -                      -                     51                   51
El Pollo Loco Holdings                   48                     1                     1                   50
Potbelly                     4                   23                   13                   40
Del Taco Restaurants                     7                   16                   14                   37
Fiesta Restaurant Group                   14                     3                    -                     17
Cracker Barrel Old Country Store                    -                     15                    -                     15
Chuy's Holdings                     8                     4                    -                     12
Performance Food Group Co                     9                    -                      -                       9
Carrols Restaurant Group                     4                    -                      -                       4
Red Robin Gourmet Burgers                     3                     1                    -                       4
RCI Hospitality Holdings                     3                    -                       1                     4
Nathan's Famous                     1                    -                       1                     2
Restaurant Brands                    -                      -                      -                      -  
Shake Shack                    -                      -                      -                      -  
Noodles & Co                    -                      -                      -                      -  
Wingstop Inc                    -                      -                      -                      -  
Totals            18,598            18,146            12,242            48,986