A wide variety of burger joints is great news for consumers who have seemingly endless options at their disposal.
Still, others have seen their franchisees seeking bankruptcy protection.
Here arefive burger chains that have been shrinking in 2023, and in some cases, long before.
Deutschlandreform / Shutterstock
The regional burger chainprimarily located in the Midwestlost 41 locationsbetween March 31, 2022 and March 31, 2023.
The Steak ‘n Shake decline is even more dramatic when you compare its current restaurant count to 2018.
The reason for these closures?
Jonathan Weiss / Shutterstock
Not all is lost for the burger chain, however.
The company did manage toturn a profitin 2022 in spite of the continuing closures.
Burger King
The first quarter of 2023 has been a mixed bag for Burger King.
Jonathan Weiss / Shutterstock
Meridian hasn’t ruled out closing even more restaurants further down the road.
The Burger King closures in 2023 likely won’t end with these franchisees.
In 2022, Applebee’s ended the year with nine fewer restaurants after closing 13 and opening four.
David Marin Foto / Shutterstock
Local media have reported TGI Fridays closures inTexasandNew Yorksince the start of 2023.
On a more positive note, the chain seems to be faring better overseas.
Last year, it struck a deal to open75 new TGI Friday’s locationsacross South and Southeast Asia.
George Sheldon / Shutterstock
Shutterstock
