Oh my! No more Whopper? Burger King to Close 400 Stores Nationwide. So BK who’s been around since 1954 is cutting back on the number of stores? Most of the locations like McDonalds and Wendy’s are franchise. So that will be interesting to see how this is done.
The popular fast food chain Burger King plans to close up to 400 restaurants before the end of 2023, TODAY.com confirmed.
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.
So far this year, several large Burger King franchisees have filed for bankruptcy: Illinois-based Toms King, Michigan-based EYM King, and Utah-based Meridian Restaurants Unlimited.
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.
