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Steak ‘n Shake to permanently close 51 stores nationwide amid COVID-19 pandemic

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Posted at 12:29 PM, May 12, 2020
and last updated 2020-05-12 14:29:26-04

The holding company that owns the Steak ‘n Shake restaurant chain announced Tuesday the permanent closure of 51 restaurants nationwide due to the impact the COVID-19 pandemic has had on the chain.

There are at least three Steak ‘n Shake locations in Colorado. However, it’s not clear if they will remain open. Biglari Holdings Inc., the chain’s parent company, did not release the locations of the 51 restaurants that will be closing.

The company announced the closures in it’s 2020 first-quarter earnings report, stating that the pandemic has had an “adverse effect on our restaurant operations.” The company operates more than 600 Steak ‘n Shake locations around the world.

Steak ‘n Shake has had a troubled history in Colorado, with the state’s first location -- in Centennial -- closing temporally last year over a franchise dispute.