GoKawiilFive Guys closed 31 U.S. locations in 2023 despite overall chain expansion
Five Guys' latest franchise disclosure document shows the burger chain shut down 31 restaurants across multiple U.S. states last year, even as it continued adding new locations to its overall footprint. The filing details where these closures occurred as part of the company's routine reporting on its store network.
GoKawiil's interpretation of the reporting above, not reported fact.
Store closures amid overall growth signal a chain actively pruning underperforming or poorly located units while still expanding into new markets, a common strategy for mature fast-casual brands. Franchise disclosure documents offer rare transparency into privately held chains like Five Guys, giving franchisees and investors real data on location churn and network health.
- Five Guys closed 31 U.S. restaurants in 2023 across several states.
- The closures occurred even as the chain grew its total store count overall.
- The data comes from Five Guys' latest franchise disclosure document, a key transparency tool for franchisees.
Blackstone 22" Tabletop Griddle — If your local Five Guys is one of the shuttered ones, you can make smashburgers at home on this flat-top griddle. The wide steel cooking surface is ideal for searing patties, toasting buns, and griddling onions all at once, just like the burger joint counter.
See Blackstone 22" Tabletop Griddle on Amazon → Affiliate link — we may earn a commission on purchases, at no extra cost to you. Product picked by AI based on this article; it is not a tested recommendation.Source: fastcompany.com, 2026-08-28
Published there as: “Five Guys closed 31 stores last year, even as it grew its presence overall: Here’s where locations shuttered”
Read the original report → The summary and analysis above are GoKawiil's own, written from reporting by the source above. Facts and quotes belong to the original publisher.