GLOSSARY
Distress signals
Distress signals are recent events for a single brand — bankruptcies, mass closures, and litigation — shown on that brand's page only after the brand's own entity is confirmed as the named party.
Where the verdict is slow and annual (from FDD filings), distress signals are fast and event-driven: a brand files for bankruptcy, closes a batch of locations, or faces a notable lawsuit. They are tracked per brand so a strong fundamental score doesn't hide fresh trouble.
These are specific to one brand. They are not rolled into a single industry-wide number — closures at a pizza chain tell you nothing about a fitness or real-estate franchise.
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