a little less than 7,000How many will be left when the 400 locations are closed?
God bless you always!!!
Holly
Burger King will close up to 400 stores by the end of the year
Several franchisees have filed for bankruptcy so far in 2023.
www.today.com
This week, the CEO of Restaurant Brands International Inc., which owns Burger King, said they are preparing to close between 300 and 400 locations.
The CEO, Joshua Kobza, said in a call announcing Q1 earnings results, that the company "historically" closes "a couple hundred" Burger King restaurants each year.
According to a Restaurant Brands International release announcing the earnings, 124 Burger Kings have already shuttered this year, bringing the total number in the United States to fewer than 7,000.
Kobza said in the call that the company plans to focus on working with smaller franchisees to "improve the overall health" of the company's franchise system.
He said the company plans to only allow high-quality operators to build or acquire existing restaurants who will operate regionally and with local ownership.
The company did not say which locations would be shuttered or name a more specific timeline. Despite the store closures, Burger King U.S. reported sales rose by 8.7%.