Let's see how Gruesome Newsom is doing in the beautiful sun-shiny state ...
I guess economics wins again, eh?
The burger chain, which will close nine Shake Shacks overall, said the move was a result of a periodic evaluation of its portfolio of company-operated units, according to a filing with the Securities and Exchange Commission on Tuesday.
'These Shacks are not projected to provide acceptable returns in the foreseeable future,' the filing said.
Five of the doomed locations are in the Los Angeles area and another is in Oakland, lowering its total to 37 in the state — where wages for fast-food workers shot up to $20 an hour on April 1.
They aren't saying that they are closing because of the minimum wage ... but all of a sudden the stores are just not profitable.
The Post also points out that these are the first Shake Shack locations to close for any reason other than construction.
Three other locations outside of California are set to close in the next month as well, two in Texas and one in Ohio, because of changes in "trade area."
The future of fast food is not looking bright!
P.S. Now check out our latest video 👇
