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Restaurant Closures

All articles tagged with #restaurant closures

Papa John's to Shutter 300 Locations in Cost-Cutting Push to Spur Growth
business2 days ago

Papa John's to Shutter 300 Locations in Cost-Cutting Push to Spur Growth

Papa John's will shutter 300 restaurants by end-2027 as part of a cost-cutting push to boost growth, with 200 closures planned by year-end and the rest by 2027. CFO Ravi Thanawala cited underperforming locations or sites that can transfer sales to nearby outlets. The chain has about 6,000 locations in 50 countries; 2025 revenue was $2.1 billion with shrinking profits, and the stock has fallen roughly 31% over the past year. The company also cut its corporate workforce by 7%, to about 104,000 employees as of March 2025.

via CBS News|
#business#cost-cutting#earnings
Papa John’s to shutter about 300 North American restaurants in turnaround
business2 days ago

Papa John’s to shutter about 300 North American restaurants in turnaround

Papa John’s says it will close roughly 300 underperforming North American restaurants by the end of 2027, about 200 of them this year, as part of a turnaround plan following a weak quarter. The closures accompany a roughly 7% cut to its corporate staff and come after a 5.4% drop in North American same-store sales in Q4; CEO Todd Penegor cited a weak consumer backdrop and promotional environment while rivals like Pizza Hut and Domino’s show a mixed picture.

via CNN|
#business#earnings-call#north-america
Tin Building Closes as Balloon Museum Replaces Seaport Space
business5 days ago

Tin Building Closes as Balloon Museum Replaces Seaport Space

The Tin Building by Jean-Georges, a $194.6 million Seaport food hall opened in 2022, closed on February 23 after years of financial losses, layoffs, and restructuring. Seaport Entertainment Group plans to relocate its restaurants within the Seaport while repurposing the 50,000+ square-foot space for the Balloon Museum, slated to open in summer 2026. The venture faced mounting losses (over $83 million by end of 2024, including a $33 million loss in 2024), layoffs in December 2024, the January 2025 closure of abcV, and broader 2025 downsizing of the Tin Building footprint and concepts in favor of licensing arrangements.

via Eater New York|
#balloon-museum#business#jean-georges
Wendy's to Shutter Hundreds of Stores in 2026, NH Outlets May Be Affected
business11 days ago

Wendy's to Shutter Hundreds of Stores in 2026, NH Outlets May Be Affected

Wendy's plans to shutter about 5-6% of its roughly 5,969 locations nationwide—around 360 stores—in the first half of 2026, following 28 closures in late 2025 and 240 closures in 2024. The company says closing underperforming units helps franchisees focus on higher-potential sites while it pursues menu and marketing improvements. New Hampshire currently has 23 Wendy's locations that could be affected.

via Patch|
#2026#360-locations#business
Wendy’s to shutter roughly 300 U.S. restaurants in 2026 to fund menu revamp and value push
business12 days ago

Wendy’s to shutter roughly 300 U.S. restaurants in 2026 to fund menu revamp and value push

Wendy’s says it will close about 5–6% of its U.S. restaurants in 2026 (roughly 298–358 locations) after reviewing underperforming units with franchisees, with 28 closures already in 2025 and a year-end total of 5,969 U.S. locations. The company plans a menu overhaul, including a new cheesy bacon cheeseburger and a chicken tender ranch wrap, and a stronger push on digital, social, and everyday value through initiatives like the Biggie Deals menu. Closures are expected mainly in the first half of 2026, as Wendy’s aims to stabilize performance while maintaining a flat global systemwide sales outlook for 2026 following a 5.5% Q4 revenue drop to $543 million.

via NBC 5 Chicago|
#2026-guidance#business#earnings-call
Wendy's to shutter up to 6% of U.S. locations amid sales slump
business14 days ago

Wendy's to shutter up to 6% of U.S. locations amid sales slump

Wendy's plans to close 5%-6% of its U.S. restaurants (about 28 closed in Q4; remaining cuts expected in H1 2026) after an 11.3% drop in Q4 same-store sales and a 5.2% decline for the year, as it navigates value competition and leadership changes; franchisees may drop breakfast, and the company will roll out new chicken sandwiches and a cheesy bacon cheeseburger later this year.

via Axios|
#business#fast-food-industry#franchisees
Bahama Breeze to Close All Locations as Darden Recasts Brands
business25 days ago

Bahama Breeze to Close All Locations as Darden Recasts Brands

Darden Restaurants announced Bahama Breeze will shutter all remaining 28 locations by April 5, ending a 30-year run. About half of the outlets will close permanently while others are converted to different Darden brands, with Florida sites including the South Florida locations in Pembroke Pines and Kendall. The move follows earlier closures and talks of a potential sale.

via WPLG Local 10|
#bahama-breeze#business#darden-restaurants
Darden to Close 14 Bahama Breeze Locations, Rebrand 14 More
business25 days ago

Darden to Close 14 Bahama Breeze Locations, Rebrand 14 More

Darden Restaurants will permanently close 14 Bahama Breeze locations and convert the remaining 14 into other company concepts over the next 12–18 months, with closures through April 5, 2026. The move follows Bahama Breeze being deprioritized among the company’s brands; Darden previously explored options including a sale or broader conversion. The company notes the converting and closing sites will continue as Bahama Breeze temporarily during the transition.

via WFTV|
#2026-closures#bahama-breeze#brand-conversion
Darden to Close All Remaining Bahama Breeze Locations, Converting Half to Other Brands
business25 days ago

Darden to Close All Remaining Bahama Breeze Locations, Converting Half to Other Brands

Orlando-based Darden Restaurants said it will shut down all remaining Bahama Breeze locations in the U.S., ending the brand after 30 years. Of the 28 locations, 14 will permanently close by April 5, while the other 14 will be converted to other Darden concepts over the next 12–18 months (with operations continuing during conversions). The company expects no material impact on its finances and will relocate as many affected employees as possible within the Darden portfolio.

via Orlando Sentinel|
#bahama-breeze#brand-consolidation#business
Caribbean-Theme Chain Bahama Breeze to Close All Locations, Some Sites to Be Rebranded
business25 days ago

Caribbean-Theme Chain Bahama Breeze to Close All Locations, Some Sites to Be Rebranded

Darden Restaurants is shutting Bahama Breeze’s remaining 28 locations after a 30-year run, with about half closing permanently and the other half being converted to other Darden brands over the next 12–18 months. The final day of operations is April 5, and closures span several states; the remaining sites will continue to operate as Bahama Breeze until they’re converted. Darden says it will redeploy as many Bahama Breeze staff as possible within its portfolio. The move comes amid inflation-driven pressure on casual-dining demand, even as other Darden brands like Olive Garden and LongHorn report sales gains and the stock has risen this year.

via CNN|
#bahama-breeze#brand-consolidation#business