These popular restaurants were nearly gone for good. Here’s how they came back

Running a successful restaurant is tough at the best of times, whether it’s fine dining establishments, iconic diners and even behemoth chains. While many spots sadly shutter and disappear forever, there are some heartwarming stories of places that have been rescued by investors and, sometimes, by the customers who can’t bear the thought of losing them. Here are some of the restaurants that have come back from the brink.

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Here’s Why You Should Hold On to Papa John’s (PZZA) Stock Now

Papa John’s International, Inc. PZZA is riding on continued international expansion plans, strategic partnerships, strong digital platform. Also, various sales initiatives and better offers and promotions for targeting more customers have been benefitting the company. Shares of Papa John have gained 56.4% over the past year compared with the Zacks Retail – Restaurants industry’s 23.3% growth.

However, the impact of the coronavirus pandemic, continuous rise in the price of key input and a challenging sales environment remain potent headwinds.

Let’s take a look at the factors supporting growth of this Zacks Rank #3 (Hold) company. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Zacks Investment Research

Zacks Investment Research

Image Source: Zacks Investment Research

Factors Driving Growth

Regular Product Launches

Papa John’s is continuously working on maintaining uniqueness of its brand to drive growth. Innovative menus like toasted handheld Papadias and Epics Stuffed Crust

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Here’s Why You Should Retain Cheesecake Factory (CAKE) Stock

The Cheesecake Factory Incorporated CAKE is likely to benefit from menu innovation, off-premise offerings and digital initiatives. Also, more focus on the Fox Restaurant Concepts bodes well. However, pandemic-induced soft traffic and higher costs are a concern.

Let us delve into the factors highlighting why investors should retain the stock for the time being.

Factors Driving Growth

Cheesecake Factory is committed toward bolstering sales to stay afloat in the competitive environment. Notably, menu-innovation and advanced digital capabilities are the primary fortes of the company. Going forward, it intends to carry on with menu innovation by adding new Super Food items and the famous indulgences of Cheesecake Factory. The Super Foods program has increased consumer awareness of brands. Also, the company also launched its Timeless Classics special menu card nationally.

The company is also benefiting from its robust off-premise sales. In the first and the second quarter of fiscal 2021, off-premise

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What stores and restaurants are open Labor Day? Here’s a list of businesses open or closed Monday

Consumers wanting to take advantage of the long weekend will find plenty of options for shopping and grabbing a bite on Monday.

Unlike Thanksgiving, Christmas and Easter, most major retailers and grocery stores will be open on Labor Day, a federal holiday dedicated to the achievements of American workers and held annually on the first Monday of September.

National restaurant chains, including Starbucks, McDonald’s, Dunkin’ and Chili’s, are open and on-demand services such as Postmates, Grubhub, UberEats and DoorDash will deliver orders on Monday for participating local and national restaurants.

Some businesses will operate with shorter hours.

The stock market, banks and government offices are closed Monday as are most pharmacies.

►Is Costco is open Labor Day?: No, Costco is a closed but these tips will get you the best deals and the biggest discounts

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