Arby’s, which has been in business for more than 60 years, now offers hot roast beef sandwiches to the masses, but it looks like fewer stores will offer it next year.
Because, according to multiple reports, the fast-food chain has “quietly closed” more than a dozen restaurants across the country over the past few months.
Maybe it’s the steak pieces because no matter how many positive reviews you read from people, this stuff is disgusting.
But honestly, Arby’s closing stores is a big deal, and if you don’t believe it, just look at the market share the chain has. According to QSR MagazineIn 2024, Arby’s ranked third in the U.S. sandwich sales market, behind Subway and Panera.
Its parent company, Inspire Brands, reports that Arby’s will have sales of $29.5 billion in 2024.
So why is the chain closing stores in so many locations now?
Excellently, According to the IndependentDespite the impressive numbers, Arby’s overall sales fell 6.3% last year. Arby’s has also been dealing with rising costs and falling consumer spending, which has led to lower overall sales, the outlet said.
The good news for fans of Pennsylvania’s roast beef giant is that so far, no restaurants in the Keystone State have been closed. But at least 14 stores have closed, including one in Laurel, Maryland, and another in Audubon, New Jersey, according to the Wall Street Journal.
Tennessee was hardest hit, with four stores closing, including three in October.
Read the original article at pennlive.com.