Operations
MOD Pizza shuttered 26 restaurants during the first quarter
Five units were in California but the fast-food wage there was not to blame, the fast casual said. The closed restaurants in 10 states and the District of Columbia were "underperformers."
Financing
All eyes are now on California's fast-food restaurants
The Bottom Line: It’s not certain yet how the $20 wage will impact chain restaurants. But one thing is clear: Most of the companies affected are small businesses that are already facing profit challenges.