The move is part of the company's $100 million, five-year initiative to combat inequality.
CEC says the move will give it room to negotiate with creditors and landlords.
Report projects more pain coming in Q2.
Only 28% say they're definitely avoiding restaurants.
After UberEats talks stall, a European third-party delivery giant steps in.
Company to emphasize drive-thru, digital and curbside at new stores.
FER's Virtual NEXT event spotlights key areas that operators should know about in a post-COVID environment.
NPD Group says two-thirds of restaurants are now in areas that allow on-premise dining.
But don't look for numbers to return to normal yet, says National Restaurant Association.