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Steak n' Shake permanently closes 51 restaurants, continuing the chain's dangerous downward spiral toward bankruptcy
Business Insider ^ | May 12, 2020 | Irene Jiang

Posted on 05/12/2020 11:38:09 AM PDT by C19fan

Steak n' Shake is closing 51 restaurants permanently, according to a recent quarterly report from its parent company, Biglari Holdings.

The hamburger chain's net sales for the first quarter of 2020 were down $60.9 million compared to the first quarter of 2019 — a 36.8% year-over-year decrease.

(Excerpt) Read more at msn.com ...


TOPICS: Food
KEYWORDS: biglariholdings; coronavirus; economy; food; plandemic; reatsurants; steaknshake
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To: Buckeye McFrog

never ate at one, was it good?


21 posted on 05/12/2020 12:07:09 PM PDT by max americana (fired liberal employees at every election since 2008 because I enjoy seeing them cry)
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To: C19fan

We used to love going to Steak and Shake when we lived in Georgia. My wife would always order cheesy fries with the vinegar/pepper sauce. They were open all night and we never went there before 1am.


22 posted on 05/12/2020 12:07:35 PM PDT by Oshkalaboomboom
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To: C19fan

Steak N Shake opened up a restaurant in Daly City (the adjacent suburb of San Francisco) in late 2016. The location they selected was so off the beaten path it was almost laughable, on a minor back road that most area residents wouldn’t have been able to find on a map. I assume SnS (or its franchisee?) got the location on the cheap. ~13 months after opening it was closed. Kaput. This is in town that is essentially fast food central where not one but two In-n-outs do gangbuster business. 2 McDonald’s, 2 BKs, Wendy’s, Carl’s Jr,, KFC, The Habit. Can’t remember a single one of them ever failing. Hell, even Jollibee the fast food joint from the Philippines thrives. Yet Steak n Shake picks a near-hidden location and fails. Poor management.


23 posted on 05/12/2020 12:08:10 PM PDT by irishjuggler
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To: C19fan

Never heard of it..............


24 posted on 05/12/2020 12:08:43 PM PDT by Osage Orange (Mar's isn't a place to raise your kid...)
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To: C19fan

Love Steak ‘n Shake. A Sad day. Our full service family restaurants seem to be hardest hit. We have devolved to fast casual standards and few know how to “dine” anymore.


25 posted on 05/12/2020 12:13:23 PM PDT by Chauncey Gardiner
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To: C19fan

Had a high school reunion last year. The Friday night was drinks at a local establishment. Around midnight, my friend whom I was staying with and I left and stopped by S&S on the way home. We laughed and giggled as we finished our ‘staple’ late night meal. I was in high school again, just with that one action. I will have a big hole in my heart if they close permanently. They have the BEST orange freeze ever! It is a cremesicle milkshake. Ahhhhhhh!


26 posted on 05/12/2020 12:13:37 PM PDT by originalbuckeye ('In a time of universal deceit, telling the truth is a revolutionary act'- George Orwell..?)
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To: Zhang Fei

Sounds like a real nut. Western Sizzlin’ is another struggling chain that won’t be with us much longer.


27 posted on 05/12/2020 12:13:41 PM PDT by lodi90
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To: MinorityRepublican
Sweet Tomatos - one of our favorite after-church lunch locations:

Sweet Tomatoes is closed for good

28 posted on 05/12/2020 12:21:50 PM PDT by JaguarXKE (Liberalism is a cancer on our nation.)
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To: C19fan

Bookmark


29 posted on 05/12/2020 12:22:48 PM PDT by Fury
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To: C19fan
They were just too damn slow!

"Made to order" doesn't mean "wait for the cow to be slaughtered".

Freddy's is "made to order" and serves in less than half the time.

30 posted on 05/12/2020 12:22:50 PM PDT by G Larry (The People must shutdown the tyrants.)
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To: C19fan

Always thought their burgers were fair but not amazing. Know people who like their shakes.
Aren’t they kind of known for their Cincinnati style chili-mac?

I’m not going to cry about it.
If covid19 is our WWII, I for one count myself as lucky.


31 posted on 05/12/2020 12:25:44 PM PDT by z3n
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To: lodi90

Sandar Biglari is an Iranian-born entremanure resident of San Antonio. The San Antonio Express-News business section reports on the on-going soap opera of his dealings. He has a long-running feud with the board of Crackle Barrel.


32 posted on 05/12/2020 12:26:30 PM PDT by MisterArtery
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To: C19fan

Our Steak n Shake does a booming business 24 hrs a day


33 posted on 05/12/2020 12:29:23 PM PDT by piasa (Attitude adjustments offered here free of charge.)
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To: C19fan

I’ve enjoyed eating at that chain in the past, but I eat different foods now that I’m older. Still sorry to see it closing locations.


34 posted on 05/12/2020 12:31:33 PM PDT by Kirkwood (Follow your Inner Trump)
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To: Skywise

He’s gonna burn then if he finds out that ours puts 2 cherries in the cup...

Maybe that’s why they are busy and McDonalds, Rally’s, and Burger King aren’t.


35 posted on 05/12/2020 12:34:20 PM PDT by piasa (Attitude adjustments offered here free of charge.)
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To: MisterArtery
If he is a naturalized citizen, strip him of citizenship.

In any case, deport him.

36 posted on 05/12/2020 12:35:33 PM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change with out notice.)
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To: C19fan

I went into a Steak n’ Shake expecting a steak sandwich and found they only make hamburgers. Boring.


37 posted on 05/12/2020 12:37:09 PM PDT by Rebelbase (Democrat politicians prefer death)
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To: libertylover

So what am I supposed to do with the unused gift cards?


38 posted on 05/12/2020 12:39:09 PM PDT by Vigilanteman (The politicized state destroys aspects of civil society, human kindness and private charity.)
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To: max americana

The one in Santa Monica is very good. Great fries.


39 posted on 05/12/2020 12:42:55 PM PDT by ReluctantDragon
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To: ReluctantDragon

Really? Gotta try it out before it closes..


40 posted on 05/12/2020 12:44:21 PM PDT by max americana (fired liberal employees at every election since 2008 because I enjoy seeing them cry)
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