Steak 'n Shake permanently closes nearly 10 percent of its restaurants amid coronavirus crisis

"Allright, WE're doin great getting rid of the fluff, keep it cummin, Shut it Down, Shut it Shut it Down!!!"

When it comes to dining options, there will be fewer steaks and shakes to be had.

Steak n’ Shake, the fast-casual restaurant chain, has been forced to close 57 of its locations due to the “adverse effect” of the coronavirus health crisis on its operations.

Steak n’ Shake’s parent company, Biglari Holdings Inc., announced the closures in its latest earnings report.

“The COVID-19 pandemic had an adverse effect on our restaurant operations, thereby resulting in the evaluation of company-operated restaurants for recoverability,” Biglari Holdings wrote in the report, adding that 51 company-owned Steak 'n Shake locations, as well as six franchise-owned locations, were shut down in the first quarter of 2020.

At the end of 2019, Steak 'n Shake operated 610 locations globally, though the vast majority were located within the United States.



Edited 1 time(s). Last edit at 05/12/2020 05:44PM by NuNativs.