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Steak”n Shake Closes 57 Restaurants

Businesses across the United States are showing no signs of slowing down when it comes to closing its doors due to the Coronavirus. Steak’n Shake has permanently closed 57 of its restaurants nationwide. Fifty one businesses were corportate owned the other six were franchised. The company has plunged over $50 million dollars on sells losses in the first quarter. Only 553 locations remain open but for how long remains uncertain.

Press Release

To our valued guests,

The unprecedented COVID-19 outbreak requires we all make changes to ensure the safety of our fellow citizens.  To that end, Steak ‘n Shake is committed to helping stop the spread of this disease and to protecting our customers and employees.

Following the guidance of the Centers for Disease Control (CDC) and the World Health Organization (WHO), we have enacted the following policies in all our restaurants.  Effective immediately, we are:

Your health and safety are our top priority.

Thank you.

Steven L. May

Chief Financial Officer

 

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