Burger King is planning to close up to 400 units this year. CEO Joshua Kobza said in a Q1 earning call that the brand typically closes “a couple hundred” restaurants each year, according to a Today.com report.
Three large Burger King franchises — Toms King, EYM King and Meridian Restaurants Unlimited — have filed for bankruptcy already this year. In a press release announcing the earnings results, the brand said it has already closed 124 units this year. The company will work with its smaller franchisees to improve the company’s health.
“One of the most important factors is the willingness of our franchisees who have several restaurants to work with us and commit to implementing the changes necessary,” Kobza said in the earnings call.
