Steak ‘n Shake’s parent company is closing 57 restaurants after the firm took a financial hit due to the pandemic that added to the restaurant chain’s existing profitability woes.
Biglari Holdings Inc. said in its first-quarter report (pdf) that it will close 51 corporate-owned locations and six franchises after a drop in sales that the company blamed chiefly on closures of dine-in areas of its restaurants.
