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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: IYAS9YAS

Been to the “War Zone” in Albuquerque- weird combo of zombie addicts and FOB immigrants working hard to get out of there.


81 posted on 05/05/2023 8:48:53 AM PDT by Clemenza
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To: Libloather

We had Burger King on some of the bigger bases in Iraq. It was a decent “go-to” if you weren’t enthusiastic about what was on the chow hall menu that day. I liked the Chicken Royale sandwich or the occasional Whopper. They were decent then and a nice little taste of home.

I haven’t been to one since I came back to the States for good almost ten years ago.


82 posted on 05/05/2023 8:56:25 AM PDT by Allegra
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To: Dr. Sivana
They went woke with their LGBT packaging on their products.

Hmmm ... was that what "Wake Up With The King" was all about?


83 posted on 05/05/2023 9:07:56 AM PDT by x
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To: Yo-Yo

Our BK has a great location yet other than at breakfast you rarely see any traffic. I haven’t at at BK is over a year. They had a BOGO chicken sandwich offer and I tried to order that and they were clueless to their own sell in progress.

Their food and service is awful even for fast food. The sonic next door is constantly packed.


84 posted on 05/05/2023 9:27:23 AM PDT by sarge83
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To: Wilderness Conservative
"Customers are uncomfortable eating burgers handled by woke freaks and ferals who would on their food."

Yup. Those filthy dreadlocks that are never washed constantly dangling over the food.

85 posted on 05/05/2023 9:35:11 AM PDT by blam
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To: Libloather

‘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.’

That’s the stupidest thing I’ve ever heard. The thing with “the system average” is that there will ALWAYS be half the sites ABOVE “the system average”, and will ALWAYS be half the sites BELOW “the system average”.

That’s what the word means, it’s the AVERAGE of all the sites. Ugh.


86 posted on 05/05/2023 9:40:45 AM PDT by ro_dreaming (Who knew "Idiocracy", "1984", "Enemy of the State", and "Person of Interest" would be non-fiction?)
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To: Wuli

The problem with BK is their franchise system.They have franchises that operate BKs in far flung states, unlike a franchise given for a certain region. If you own BKs in NY,FL, and other distant states you have to fly a distance to check on them, which you can’t check store quality often.


87 posted on 05/05/2023 10:59:55 AM PDT by kaktuskid
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To: N. Theknow

Their fries and any other fried items taste like battery acid was used.

It usually means old cooking oil.


88 posted on 05/05/2023 11:02:15 AM PDT by kaktuskid
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To: kaktuskid

“The problem with BK is their franchise system.They have franchises that operate BKs in far flung states”

I do/did not know that McDonalds, Wendys, Taco Bell, KFC, ect prevent that same kind of multistate franchise owners. It that true, only BK permits that?


89 posted on 05/05/2023 11:04:33 AM PDT by Wuli
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To: Libloather

There’s more competition, but BK’s problem is their sloppy food prep, poor customer service, and dirty stores.


90 posted on 05/05/2023 11:08:16 AM PDT by Mr.Unique (My boss wants me to sign up for a 401K. No way I'm running that far! )
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To: Mr.Unique

The QSRs that do the best have stable corporate ownership. McDs has had the same “ownership” since its creation. BK, Wendy’s, KFC, etc have been passed from corporate owner to corporate owner who were more interested in profits/investment/supplying the franchisees.


91 posted on 05/05/2023 11:16:32 AM PDT by kaktuskid
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To: Yo-Yo

McD’s always has better food at its Non-US locations..probably being able to charge more, food laws requiring higher grade ingredients, better and fewer locations.


92 posted on 05/05/2023 11:20:43 AM PDT by kaktuskid
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To: Kenny500c

I rather like the Whopper (no cheese). I grab one of the turnpike if I’m hungry.


93 posted on 05/05/2023 12:20:01 PM PDT by NewHampshireDuo ( )
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To: Kenny500c

I rather like the Whopper (no cheese). I grab one of the turnpike if I’m hungry.


94 posted on 05/05/2023 12:22:08 PM PDT by NewHampshireDuo ( )
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To: kaktuskid
McD’s always has better food at its Non-US locations..probably being able to charge more, food laws requiring higher grade ingredients, better and fewer locations.


95 posted on 05/05/2023 12:35:47 PM PDT by Yo-Yo (Is the /Sarc tag really necessary? Pray for President Biden: Psalm 109:8)
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To: Vaduz

👍


96 posted on 05/05/2023 6:31:37 PM PDT by avenir ("They sang His praise...they soon forgot His works")
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