Claims About Chili’s Shutting Down Are ‘Misinformation,’ Company Says

  • 📰 ForbesTech
  • ⏱ Reading Time:
  • 54 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 56%
  • Publisher: 59%

Brinker International News

Chili,Red Lobster,Chili's Shutting Down

Arianna Johnson is a reporter on the Forbes news desk who covers explainers and trends, with a frequent focus on health and science. She joined Forbes in 2022 and works in Texas. Johnson has covered prominent weight loss drugs like Ozempic and Wegovy, the health effects of the artificial sweetener aspartame and the impacts of the Covid vaccines.

Viral social media posts have circulated claiming Chili’s is shutting down all its locations, but the company said this is false, and said it’s actually grown in popularity as it uses consumer sentiment about the rising costs of fast food to compete.

Chili’s told Forbes the social conversations about its closing “include misinformation and mischaracterizations about the state of our business,” adding the company is actually “growing in popularity throughout the country.” Although Chili’s has closed fewer than 20 locations since 2023, there are still over 1,500 locations still open and the company didn’t indicate plans to close anymore stores, though it said it sometimes “ a tough decision” to close a store, but it’s not “a negative indicator of brand health.”with over 500,000 views jokingly said Chili’s “was giving out an appetizer, an entree, a side, a 3.

Chili’s reported a 3.5% growth in sales during the third quarter of 2024 compared to the third quarter of 2023 due to an increase in prices and a spike in dine-in traffic, according to Chili’sof revenue in its first quarter of 2024. In comparison, Dine Brands Global, the parent company of Applebee’s, IHOP and Fuzzy’s Taco Shop, reported athis year, including Mcdonald’s, Burger King parent Restaurant Brands International and Wendy’s.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 318. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Buffett's 2024 Investment Wisdom: Psychology Matters As Much As FinancialsI am the editor of three Forbes investment newsletters: Forbes Dividend Investor, Forbes Billionaire Investor and covered call writing advisory service, Forbes Premium Income Report. Prior to joining Forbes in 2001, I was a producer and reporter at CNN Financial News, focusing on stories about entrepreneurship.
Source: Forbes - 🏆 394. / 53 Read more »