In the bustling world of fast-food chains, Hardee’s has long stood as a beloved favorite for many across the United States. But recently, whispers have been circulating about the future of this iconic brand. Everyone is now asking, “Is Hardee’s going out of business?” showing how dare this brand is to the hearts of many people.
Recently, the brand has decided to shutter many of its restaurant locations, which has brought a lot of concerns in the minds of its loyal customers.
But is Hardee’s going out of business really? Could there be other reasons for this multiple locations closure? Keep reading to discover the truth about whether Hardee’s has finally decided to throw in the towel or is still very much in business.
Is Hardee’s Going Out of Business?
Hardee’s is not going out of business, but Hardee’s Major franchise declared Chapter 11 bankruptcy after closing 39 restaurants.
Straight to the point: While Hardee’s has faced some setbacks, the entire chain is not shutting down. It is true that the chain has recently closed down many of its outlets because of some issues, including Summit Restaurant Holding recent filing for bankruptcy, Hardees is not completely going out of business.
So, if the Hardee’s location in your area is still open, you can breathe sighs of relief because you will still get the chance to relish your beloved Hardee’s meals.
Let’s Get a Closer Look at Hardee’s
Now that you have the answer to the question, ‘Is Hardee’s going out of business?’ let’s get a closer look at the brand. Perhaps that will help you see why the rumore about Hardee’s closure struck a strong chord in the hearts of many Americans.
Hardee’s is a prominent American fast-food chain that was established in 1961 in North Carolina. The company, having undergone multiple ownership changes, is currently under the umbrella of CKE Restaurant Holdings, Inc. For those in the western U.S., the name might ring a bell as Carl’s Jr. They’re essentially siblings under the same parent company!
What sets Hardees apart? Their diverse menu boasts hamburgers, fries, drinks, sandwiches, and biscuits. Their breakfast menu is a particular hit among many. The brand presently boasts several locations across many states in the U.S.
Did Hardee’s File for Bankruptcy
Recent times have not been entirely smooth sailing for Hardee’s. Summit Restaurant Holdings, which operates several Hardee’s outlets, recently declared Chapter 11 Bankruptcy. So, with this, is Hardee’s going out of business?
No, this move doesn’t mean the brand has finally thrown in the towel and bowed out of the market. In fact, there has not been any official announcement from the management on the company concerning going out of business. Instead, it looks as though the bankruptcy is meant to help the business reorganize its debts.
Consequently, 39 out of 108 Hardee’s restaurants across eight states are shutting their doors. This decision, albeit tough, was made to curtail escalating food and labor expenses. It doesn’t mean Hardee’s is going out of business.
You may also like:
- Is Harley Davidson Going Out of Business
- Is Shophq Going Out of Business
- Is Hylete Going Out of Business
Why is Hardee’s Closing Locations?
Many factors are actually responsible for this decision by the brand. First is the rapidly changing consumer preference. Modern diners, especially younger generations, are gradually gravitating towards healthier dining options.
This shift in preference has affected many traditional fast-food chains, and Hardee’s, with its signature thick burgers and indulgent shakes, might be feeling the pressure.
The pandemic-induced decline in foot traffic, coupled with escalating food, labor, and rent costs, has also had a great strain on the business. Several of their outlets have been operating at a loss, prompting the need to take drastic measures, including closing their restaurants in several locations.
Hardee’s is Not the Only Fast-Food Brand Struggling Now
Hardee’s isn’t alone in its plight. The industry has witnessed a harsh economic downturn since the recent pandemic. Many brands and restaurants have had their fair share of the struggle. So, when people are asking, ‘Is Hardee’s going out of business?’ because of the present situation of the company, you should know the situation is common to many other brands in the industry.
In fact, just last year, Subway closed over 500 locations to save the business. Similarly, Burger King is projecting the closure of up to 400 stores. Numerous other brands like Wendy’s and Carl Jrs are even turning to AI chatbots for orders, indicating a shift in the industry dynamics.
Is Hardee’s Facing Financial Challenges?
Indeed, like many in the industry, Hardee’s has encountered rough waters. They’ve battled with declining traffic during the pandemic and the ensuing pressure of increased costs. Their U.S. system sales saw a 4.2% decrease in 2022. So, presently, the brand is not doing well financially.
However, despite facing serious financial issues, the brand said they are putting measures in place to save the business, including closing many of its outlets.
Is Hardee’s Going Out of Business – Final Note
While certain locations are shutting down due to various challenges, the iconic brand still stands firm. They are restructuring and working hard to bounce back from the financial setbacks faced. So, if you are a fan of Hardee’s, you can be assured that the brand isn’t disappearing anytime soon.
Are you a burger enthusiast who just cannot do without getting a nice order from Hardee’s? keep your spirits high and your appetites ready for the next juicy Hardee’s burger.
FAQs
Is Hardee’s going out of business?
As we already explained in the post, Hardee’s has not announced any plans to go out of business. Like many companies in the fast-food industry, Hardee’s has seen its share of ups and downs, but it remains an active and operational chain in various locations.
Why are there no Hardee’s in the UK?
Hardee’s has not expanded to the UK, and there could be multiple reasons for this. Market saturation, competition with established fast-food chains, branding considerations, and strategic decisions related to company growth are just a few potential factors.
International expansion decisions are complex and are often influenced by a mix of financial, cultural, and logistical factors. With the state the company is presently, we don’t think that move will be happening soon.
What is Hardee’s called in America?
In America, the restaurant is known as “Hardee’s.” However, you should know that Hardee’s and another chain called “Carl’s Jr.” are sister brands under the same parent company, CKE Restaurants Holdings, Inc.
While both brands have similar menus and branding, they operate under different names in different regions of the country. So, if you get to some areas in the country and you have a brand called Carl’s Jr. you should know they are still referring to the same company.
How many Hardee’s are left in the United States?
Even after closing many of its store locations, the brand still boasts about 1635 locations across the U.S.
Why is Carl’s Jr. and Hardees the same?
Carl’s Jr. and Hardee’s are sister brands operated by the same parent company, CKE Restaurants Holdings, Inc. While the two chains started as separate entities, they merged in the late 20th century.
Since then, they have shared similar branding, menus, and marketing strategies. The decision to maintain both brand names, rather than consolidating into a single brand, was likely due to the strong regional recognition and history each brand carried in their respective markets.
Related Articles You Might Like:
