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Burger King will close up to 400 stores by the end of the year - with two franchises already declaring bankruptcy - as fast food giant fails to keep up with fast-casual competition
Daily Mail ^ | 5/04/23 | Tilly Armstrong

Posted on 05/05/2023 4:46:04 AM PDT by Libloather

Burger King has estimated that the fast food giant will have to shutter up to 400 locations across the country this year.

The iconic burger chain said that underperforming stores will be the first to go.

Following the announcement of the company's first quarter results, CEO Joshua Kobza said the chain expects to shut between 300 and 400 locations in 2023.

This is a historic high - the company usually closes a couple of hundred stores annually, Kobza said.

According to its earnings release, Burger King axed 124 locations in the year up to March, leaving 6,964 restaurants.

Not all of the 300 to 400 locations closing their doors this year have been revealed, as boss Kobza admitted there is 'a fair degree of uncertainty' around the plans.

Sales performance can vary greatly between Burger King locations, and the company said it is seeking additional franchisees with stronger finances this year.

Chairman Patrick Doyle said: 'There will always be a minority [of franchisees] who aren't dedicated, enthusiastic operators. We'll work with them to leave the system and move on to do something else.

'There simply is no room for franchisees who are not willing or able to work hard to operate restaurants that are better than the system average over the long term.'

It comes after two Burger King franchisees declared bankruptcy earlier this year.

For decades, the home of the Whopper has had to live in the shadow of the Golden Arches of McDonald's as America's second-biggest burger chain. In 2020, it lost its second-place spot to Wendy's.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; Conspiracy; Food; Health/Medicine
KEYWORDS: bankruptcy; biden; burger; burgerking; food; king
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To: Libloather

Not since the gay rainbow packaging.

Hope they disappear.


61 posted on 05/05/2023 7:49:42 AM PDT by Sequoyah101 (Procrastination is just a form of defiance.)
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To: fuzzylogic

Yeah the “fast casual” (what they’re calling the new bread of stuff that is still faster and more portable than short order but not FAST FAST FAST like the McD model) is a major revolution. They’ve found a real sweat spot with food better than the fast places, and not actually that much slower. Especially with online ordering. And that new model of “you can still eat quickly, and not feel shame” is really destroying the fast food joints.


62 posted on 05/05/2023 7:50:51 AM PDT by discostu (like a dog being shown a card trick)
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To: PUGACHEV

Well, in Australia “Macca’s” also does very well.


63 posted on 05/05/2023 7:51:39 AM PDT by Yo-Yo (Is the /Sarc tag really necessary? Pray for President Biden: Psalm 109:8)
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To: IYAS9YAS

The Chick FIL A in my area put in two extra driveup lanes. They have workers outside with tablets who come up to your car to take your order. A little farther down the line a worker comes to your car to take your payment. For the amount of traffic going through, it’s very fast. The order is always correct, the food is hot and consistently good and the staff is neat, friendly and smiling. Couldn’t be better!

The worst place in town is Popeye’s. Last time I went, I was trapped in the driveup lane for over twenty minutes and when I got home found a couple items missing from the order. Never again...


64 posted on 05/05/2023 7:51:55 AM PDT by Max in Utah (A nation can survive its fools, and even the ambitious. But it cannot survive treason from within.)
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To: PUGACHEV

Good. They should be out of business

The fact they are the single biggest franchisee for BK tells me the BK corporate offices don’t give a damn about their brand its products or service.

I don’t walk into any fast food place expecting 5 star quality or service but Tom’s King consistently is below 1 star.

How they got to be the single biggest franchisee of BK is just unfathomable… sadly the locations around me are all Tom’s King, so BK isn’t even a option for me on the rare occasion I go for fast food. Honestly I don’t understand how they haven’t had their franchise license revoked. They are too big that corporate can be unaware of how badly their stores operate… so corporate has to know and just not care


65 posted on 05/05/2023 8:12:01 AM PDT by HamiltonJay
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To: Libloather

They should replace them with los Pollos Hermanos franchises.


66 posted on 05/05/2023 8:12:16 AM PDT by Noumenon (You're not voting your way out of this. KTF)
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To: EVO X

Funny, I’m in Oakland Co. MI :)

Do you recall the store?


67 posted on 05/05/2023 8:12:32 AM PDT by fuzzylogic (welfare state = sharing of poor moral choices among everybody)
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To: Max in Utah

Popeyes is owned by the same parent company as BK..


68 posted on 05/05/2023 8:13:17 AM PDT by HamiltonJay
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To: Libloather

Fact is there are fewer people applying for such jobs. Places are begging for employees, even at $14/hours or more.

Major corporations are having the same problem. One major corporation I worked at until recently had 200+ resumes for every job posting. By the end of 2020, there were job postings with no resumes. None, for more than six months.


69 posted on 05/05/2023 8:16:04 AM PDT by CodeToad (No Arm up! They have!)
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To: null and void

One of their biggest franchisees is Tom’s King something like 100 stores, and every one of their restaurants I have ever set foot in has been a disaster… poor service, lousy food, long waits, etc etc.

The fact this franchisee has had its license revoked proves BK doesn’t give a damn about quality or service at the corporate level.


70 posted on 05/05/2023 8:19:18 AM PDT by HamiltonJay
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To: CodeToad

My local Del Taco had a banner advertising $20/hr. starting pay for night shift employees.


71 posted on 05/05/2023 8:32:32 AM PDT by Max in Utah (A nation can survive its fools, and even the ambitious. But it cannot survive treason from within.)
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To: Max in Utah

Still, no takers, I bet. Around here fast food is advertising $12-$14 and hour, and few takers.


72 posted on 05/05/2023 8:37:39 AM PDT by CodeToad (No Arm up! They have!)
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To: Libloather

All fast food restaurants are struggling for employees except maybe Chick-fil-a.

I watched a Dave Ramsey video last night. In it they discussed the over 7 million young men in America that are unwilling to work. These young men are living with their parents, some are “homeless”, but most are just unwilling to work entry level jobs, even if they pay relatively well.

It is my experience that they have unrealistic expectations created by a coddling upbringing featuring participation trophies and “A’s” for showing up. They feel they deserve a $60K job - with little actual work or responsibility - and as long as they can exist without it, they will wait for it.

I just had a 29 year old “kid” with no experience expect to be made the manager of my company earning $20 an hour to start. When a reasonable plan was presented that had him training in the different departments, leading - over two years or so - to the general management position, he pitched a fit and walked out.


73 posted on 05/05/2023 8:38:12 AM PDT by Crusher138 ("Then conquer we must, for our cause it is just")
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To: avenir

Sometimes you have to take the bad with the good balance is the key word.

Trade off this for that is a daily event to keep things in order.


74 posted on 05/05/2023 8:38:56 AM PDT by Vaduz (....)
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To: Yo-Yo

Woolworths and Kmart are also doing well down under.


75 posted on 05/05/2023 8:40:00 AM PDT by PUGACHEV
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To: Magnatron

I would take Burger King over McDonalds any time better and more of a selection.

Here in Los Angeles at McDonalds it’s normal seeing the help with tats and sloppy speech.
Must be discount help from rehab centers.


76 posted on 05/05/2023 8:43:24 AM PDT by Vaduz (....)
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To: Libloather

So happy that Shock G didn’t live to see this - no more BK bathrooms to “get busy” in.


77 posted on 05/05/2023 8:45:22 AM PDT by Clemenza
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To: KC Burke

Yummy! I do like places that can make food better than we could at home.

The problem with fast food is that I can make a steak and baked potato at home cheaper and faster than going out to fast food for a cardboard burger and fries.


78 posted on 05/05/2023 8:46:51 AM PDT by SauronOfMordor (The rot of all principle begins with a single compromise.)
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To: Dr. Sivana

C’mon - when I was a kid they always advertised their burgers as “flaming.”


79 posted on 05/05/2023 8:47:18 AM PDT by Clemenza
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To: fuzzylogic

It has been a while, but if I remember correctly it is Papa Joes in Birmingham, Mi..


80 posted on 05/05/2023 8:47:19 AM PDT by EVO X ( )
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