RUSH TRANSCRIPT On today ░░░░░░░░ will keep you posted ░░░░░░░░ that Meantime we have ░░░░░░░░ restaurant brands chairman and ░░░░░░░░ Paul benjinelliwho joins us ░░░░░░░░ You have got so ░░░░░░░░ under your umbrella here ░░░░░░░░ bennigan s steak ale ░░░░░░░░ of that how does ░░░░░░░░ impact you First of ░░░░░░░░ great to be with ░░░░░░░░ again We have been ░░░░░░░░ busy and we were ░░░░░░░░ for one Hell of ░░░░░░░░ St Patrick s day ░░░░░░░░ happy St Patrick s ░░░░░░░░ from all of us ░░░░░░░░ you and your viewership ░░░░░░░░ You as well The ░░░░░░░░ it impacts us I ░░░░░░░░ been listening to all ░░░░░░░░ stories especially over the ░░░░░░░░ week and the simple ░░░░░░░░ of the matter is ░░░░░░░░ Look common sense should ░░░░░░░░ It s not so ░░░░░░░░ anymore but we have ░░░░░░░░ already doing a lot ░░░░░░░░ these things in terms ░░░░░░░░ not only safety for ░░░░░░░░ guests but safety for ░░░░░░░░ employees We have been ░░░░░░░░ things that are practical ░░░░░░░░ a delivery standpoint or ░░░░░░░░ only I m glad ░░░░░░░░ see some of the ░░░░░░░░ party delivery providers are ░░░░░░░░ back commissions and doing ░░░░░░░░ deliveries so we are ░░░░░░░░ trying to survive but ░░░░░░░░ would absolutely be brutal ░░░░░░░░ some of the re ░░░░░░░░ before this even hit ░░░░░░░░ Bad year for a ░░░░░░░░ of restaurant chains because ░░░░░░░░ didn t prepare for ░░░░░░░░ It s interesting the ░░░░░░░░ with the president today ░░░░░░░░ inaudible Operators were present ░░░░░░░░ the discussion While some ░░░░░░░░ companies were represented and ░░░░░░░░ brands were represented some ░░░░░░░░ the smaller business people ░░░░░░░░ and independents were not ░░░░░░░░ I think the offset ░░░░░░░░ that is at least ░░░░░░░░ heard today that what ░░░░░░░░ being considered from a ░░░░░░░░ standpoint so we can ░░░░░░░░ to the other side ░░░░░░░░ really see there will ░░░░░░░░ a steep type of ░░░░░░░░ when we get past ░░░░░░░░ of these unknowns and ░░░░░░░░ course the word unprecedented ░░░░░░░░ been used a million ░░░░░░░░ but this is uncharted ░░░░░░░░ So when although the ░░░░░░░░ are still very very ░░░░░░░░ when we get to ░░░░░░░░ other side of it ░░░░░░░░ people feel confident again ░░░░░░░░ bounce will be significant ░░░░░░░░ s what we re ░░░░░░░░ on to Neil Do ░░░░░░░░ ever worry the longer ░░░░░░░░ drags on where people ░░░░░░░░ t go out and ░░░░░░░░ few order takeout or ░░░░░░░░ or that sort of ░░░░░░░░ that people get used ░░░░░░░░ this and say you ░░░░░░░░ it s not bad ░░░░░░░░ m saving some dough ░░░░░░░░ I don t need ░░░░░░░░ go to Paul s ░░░░░░░░ restaurants Heaven forbid do ░░░░░░░░ worry about that Well ░░░░░░░░ know that s interesting ░░░░░░░░ even before all this ░░░░░░░░ had been holding something ░░░░░░░░ really firmly believe in ░░░░░░░░ dining gave up on ░░░░░░░░ guests Guests never gave ░░░░░░░░ on casual dining Even ░░░░░░░░ this news first broke ░░░░░░░░ saw a lot of ░░░░░░░░ that were packed and ░░░░░░░░ room only two hour ░░░░░░░░ People still love the ░░░░░░░░ from the day to ░░░░░░░░ to have great dining ░░░░░░░░ that we provide I ░░░░░░░░ there s enough market ░░░░░░░░ for us to go ░░░░░░░░ but again my caution ░░░░░░░░ the people that got ░░░░░░░░ the brands that weren ░░░░░░░░ smart about signing leases ░░░░░░░░ Are going to be ░░░░░░░░ out Again it bodes ░░░░░░░░ for those of us ░░░░░░░░ are well positioned and ░░░░░░░░ cash to go take ░░░░░░░░ of second generation space ░░░░░░░░ franchising has never been ░░░░░░░░ because I think with ░░░░░░░░ now being subject to ░░░░░░░░ situation that exists today ░░░░░░░░ are in business for ░░░░░░░░ not by yourself with ░░░░░░░░ agreements you know I ░░░░░░░░ again when we come ░░░░░░░░ of this it s ░░░░░░░░ to be a very ░░░░░░░░ time because the fundamentals ░░░░░░░░ still very strong Neil ░░░░░░░░ And you got to ░░░░░░░░ It would take a ░░░░░░░░ war for me not ░░░░░░░░ go to a restaurant ░░░░░░░░ I understand where you ░░░░░░░░ coming from Thank you ░░░░░░░░ much Be well Happy ░░░░░░░░ Paddy s day Happy ░░░░░░░░ Paddy s day I ░░░░░░░░ that montecristo waiting for ░░░░░░░░ Neil It is St ░░░░░░░░ s day You wouldn ░░░░░░░░ know it looking at