The pandemic, inflation, higher supply costs, and a lack of labor all took a serious toll on recent profits.
and 90 salaried employees. The franchisee is pursuing a motion granting the authority to continue paying wages to those workers.over half a dozen Burger King restaurants in Ohio. Internally, these latest court filings reveal the company began taking a hard look at its financials around July of last year. That analysis ultimately led the franchisee to choose bankruptcy as the best possible path forward.
TOMS King certainly isn't the only BK franchisee to feel the financial strain recently. Over the summer credit ratings agencies downgraded numerous Burger King operatorsSimilarly, the greater Burger King brand didn't fare all that well during the pandemic in comparison to its peers. For decades the home of the Whopper had enjoyed the status of #2 U.S. burger chain by sales .
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