Wendy's, Pizza Hut and Jack in the Box close stores amid market correction

5 articles · Updated · Restaurant Dive · Apr 24

Recent closures affect both large and small chains, with 9% of full-service restaurants losing 30% or more of peak sales since 2019.
Rising food, labor, and insurance costs, along with a softening economy and high debt, are forcing weaker operators to exit, especially in high-cost states like California and New York.
While closures are concentrated among struggling brands, stronger chains continue expanding in Sun Belt cities, leveraging the shakeout to secure prime locations and invest in innovation and technology.

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