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Restaurant Closures

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Brisket Breaks the Bank: Texas BBQ Joints Edge Toward Closure
business3 days ago

Brisket Breaks the Bank: Texas BBQ Joints Edge Toward Closure

Texas barbecue joints across Texas are shutting down as wholesale beef costs spike and inflation crimps margins, forcing higher menu prices that many customers won't bear. Closures include Brett’s BBQ Shop and Kirby’s BBQ, among others, as brisket costs rise to roughly $5–6 per pound wholesale and cooked prices can reach $35–$40 per pound; industry blame points to a shrinking cattle herd, higher feed costs, and consolidation in meatpacking.

via New York Post|
#beef-prices#business#inflation
Beef price surge pushes Texas BBQ legends toward closure
business3 days ago

Beef price surge pushes Texas BBQ legends toward closure

Beef prices in the U.S. have surged to record highs, with April retail beef at about $9.64 per pound (up roughly 13% YoY), squeezing profit margins for Texas BBQ joints that rely on brisket; several famed eateries have closed or warned they’re at risk as costs mount, including higher brisket prices and broader inflation, tariffs, and meatpackers’ pricing. Regulators are probing major meatpackers, while the White House weighs tariff adjustments that could affect beef costs for diners and restaurants.

via Yahoo News Malaysia|
#beef-prices#business#inflation
Guzman y Gomez halts Chicago-area expansion with eight restaurant closures
business6 days ago

Guzman y Gomez halts Chicago-area expansion with eight restaurant closures

Australian fast-casual Guzman y Gomez abruptly closed its Naperville location along with seven other Chicago-area restaurants, citing weak U.S. sales and a decision to stop expanding. The company will wind down operations and not move forward with announced new sites, with co-CEO Steven Marks saying the U.S. performance was not acceptable and branding in Chicago and through suburban drive-thrus was challenging.

via Chicago Tribune|
#business#chicago-area#earnings-call
Five Guys shutters multiple California locations as costs bite
business18 days ago

Five Guys shutters multiple California locations as costs bite

Five Guys is permanently closing four California locations (Whittier, City of Industry, Merced, and Hanford), resulting in about 55 layoffs, citing financial hardship and rising operating costs. The closures highlight price pressures and wage hikes in California’s fast-food scene, even as the chain remains active in the state and recently topped a national fast-food burger ranking.

via New York Post|
#business#california#fast-food
Popeyes shutters three Georgia stores as franchisee files for bankruptcy
business2 months ago

Popeyes shutters three Georgia stores as franchisee files for bankruptcy

USA TODAY reports that Sailormen Inc., the Florida-based Popeyes franchisee operating more than 130 restaurants, plans to close three Georgia locations (1817 Glynn Ave., Brunswick; 628 W Parker St., Baxley; 419 S Church St., Homerville) as part of Chapter 11 proceedings that also include 17 prior closures in Georgia and Florida. Sailormen cites weak foot traffic, inflation, and a failed 2024 restaurant deal; Popeyes says the bankruptcy does not reflect the brand’s overall health.

via USA Today|
#bankruptcy#business#georgia
Papa John's to Shutter 300 Locations in Cost-Cutting Push to Spur Growth
business3 months ago

Papa John's to Shutter 300 Locations in Cost-Cutting Push to Spur Growth

Papa John's will shutter 300 restaurants by end-2027 as part of a cost-cutting push to boost growth, with 200 closures planned by year-end and the rest by 2027. CFO Ravi Thanawala cited underperforming locations or sites that can transfer sales to nearby outlets. The chain has about 6,000 locations in 50 countries; 2025 revenue was $2.1 billion with shrinking profits, and the stock has fallen roughly 31% over the past year. The company also cut its corporate workforce by 7%, to about 104,000 employees as of March 2025.

via CBS News|
#business#cost-cutting#earnings
Papa John’s to shutter about 300 North American restaurants in turnaround
business3 months ago

Papa John’s to shutter about 300 North American restaurants in turnaround

Papa John’s says it will close roughly 300 underperforming North American restaurants by the end of 2027, about 200 of them this year, as part of a turnaround plan following a weak quarter. The closures accompany a roughly 7% cut to its corporate staff and come after a 5.4% drop in North American same-store sales in Q4; CEO Todd Penegor cited a weak consumer backdrop and promotional environment while rivals like Pizza Hut and Domino’s show a mixed picture.

via CNN|
#business#earnings-call#north-america
Tin Building Closes as Balloon Museum Replaces Seaport Space
business3 months ago

Tin Building Closes as Balloon Museum Replaces Seaport Space

The Tin Building by Jean-Georges, a $194.6 million Seaport food hall opened in 2022, closed on February 23 after years of financial losses, layoffs, and restructuring. Seaport Entertainment Group plans to relocate its restaurants within the Seaport while repurposing the 50,000+ square-foot space for the Balloon Museum, slated to open in summer 2026. The venture faced mounting losses (over $83 million by end of 2024, including a $33 million loss in 2024), layoffs in December 2024, the January 2025 closure of abcV, and broader 2025 downsizing of the Tin Building footprint and concepts in favor of licensing arrangements.

via Eater New York|
#balloon-museum#business#jean-georges
Wendy's to Shutter Hundreds of Stores in 2026, NH Outlets May Be Affected
business3 months ago

Wendy's to Shutter Hundreds of Stores in 2026, NH Outlets May Be Affected

Wendy's plans to shutter about 5-6% of its roughly 5,969 locations nationwide—around 360 stores—in the first half of 2026, following 28 closures in late 2025 and 240 closures in 2024. The company says closing underperforming units helps franchisees focus on higher-potential sites while it pursues menu and marketing improvements. New Hampshire currently has 23 Wendy's locations that could be affected.

via Patch|
#2026#360-locations#business
Wendy’s to shutter roughly 300 U.S. restaurants in 2026 to fund menu revamp and value push
business3 months ago

Wendy’s to shutter roughly 300 U.S. restaurants in 2026 to fund menu revamp and value push

Wendy’s says it will close about 5–6% of its U.S. restaurants in 2026 (roughly 298–358 locations) after reviewing underperforming units with franchisees, with 28 closures already in 2025 and a year-end total of 5,969 U.S. locations. The company plans a menu overhaul, including a new cheesy bacon cheeseburger and a chicken tender ranch wrap, and a stronger push on digital, social, and everyday value through initiatives like the Biggie Deals menu. Closures are expected mainly in the first half of 2026, as Wendy’s aims to stabilize performance while maintaining a flat global systemwide sales outlook for 2026 following a 5.5% Q4 revenue drop to $543 million.

via NBC 5 Chicago|
#2026-guidance#business#earnings-call
Wendy's to shutter up to 6% of U.S. locations amid sales slump
business3 months ago

Wendy's to shutter up to 6% of U.S. locations amid sales slump

Wendy's plans to close 5%-6% of its U.S. restaurants (about 28 closed in Q4; remaining cuts expected in H1 2026) after an 11.3% drop in Q4 same-store sales and a 5.2% decline for the year, as it navigates value competition and leadership changes; franchisees may drop breakfast, and the company will roll out new chicken sandwiches and a cheesy bacon cheeseburger later this year.

via Axios|
#business#fast-food-industry#franchisees
Bahama Breeze to Close All Locations as Darden Recasts Brands
business3 months ago

Bahama Breeze to Close All Locations as Darden Recasts Brands

Darden Restaurants announced Bahama Breeze will shutter all remaining 28 locations by April 5, ending a 30-year run. About half of the outlets will close permanently while others are converted to different Darden brands, with Florida sites including the South Florida locations in Pembroke Pines and Kendall. The move follows earlier closures and talks of a potential sale.

via WPLG Local 10|
#bahama-breeze#business#darden-restaurants
Darden to Close 14 Bahama Breeze Locations, Rebrand 14 More
business3 months ago

Darden to Close 14 Bahama Breeze Locations, Rebrand 14 More

Darden Restaurants will permanently close 14 Bahama Breeze locations and convert the remaining 14 into other company concepts over the next 12–18 months, with closures through April 5, 2026. The move follows Bahama Breeze being deprioritized among the company’s brands; Darden previously explored options including a sale or broader conversion. The company notes the converting and closing sites will continue as Bahama Breeze temporarily during the transition.

via WFTV|
#2026-closures#bahama-breeze#brand-conversion