Fox News Flash top headlines for May 12
Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com.
Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here.
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.
RED LOBSTER CUSTOMERS TURNED AWAY DUE TO LARGE VOLUME OF MOTHER'S DAY ORDERS
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,” Steak 'n Shake's parent company wrote in an earnings report. (iStock)
FOLLOW US ON FACEBOOK FOR MORE FOX LIFESTYLE NEWS
“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.
Biglari Holdings did not specify where the 57 shuttered Steak 'n Shake restaurants were located.
CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTER
News of Steak 'n Shakes closures follows the chain’s recent “We’re All Essential” initiative, which aimed to support workers in essential industries — as well as “all Americans during these challenging times — by offering free fries to all customers, along with special meal deals for families.
"In such challenging times, we would like to do our part for our communities by giving out free fries to all," said Sardar Biglari, CEO of Steak 'n Shake, said in an April press release.
CLICK HERE FOR FOX NEWS' CONTINUING CORONAVIRUS COVERAGE
In addition to Steak 'n Shake, Biglari Holdings, Inc., also includes on its portfolio the smaller Western Sizzlin’ chain, as well as Maxim, Inc. (Maxim magazine), Southern Oil, and the First Guard and Southern Pioneer insurance companies.
Fox News Lifestyle
A look at the top-trending stories in food, relationships, great outdoors and more.
By entering your email and clicking the Subscribe button, you agree to the Fox News Privacy Policy and Terms of Use, and agree to receive content and promotional communications from Fox News. You understand that you can opt-out at any time.