Bad news for fast foodies, especially in certain parts of the US.
As many as 400 BK locations might be shuttered by the end of the year.
While you may not agree with Chad, Burger King does have SOME good menu items, it's truly incredible that Joe Biden's economy is so bad it's putting 400 stores out of business.
Then again, I can't say I didn't see it coming.
Even their catchy Whopper ads couldn't save them.
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.
They normally shut down 200 stores, or sell them off, every year. But as of March this year, 1 quarter, they've already closed 124.
With workers being such huge expenses now, and often low quality, it's easy to see how a franchisee would have a tough time keeping the doors open.
This economy is a disaster zone and it's only getting worse.