Of all the restaurant categories, it was pizza that experienced the slowest growth in 2023, with sales only increasing by 3%, per Nation’s Restaurant News. Despite being a certified nation of pizza lovers, it seems like living in the golden age of food delivery has lured our stomachs (and our wallets) elsewhere when it comes to eating out or ordering food — and our go-to pizza chains are suffering as a result.
The past few years have seen multiple companies shutter locations en masse, with some even forced to file for bankruptcy as the cost of food and labor soars and revenue drops. From takeout giants like Papa Johns to casual dining spots like Anthony’s Coal Fired Pizza & Wings, the pizza industry is struggling across the board. While it’s unlikely that we’ll ever see a mass exodus of all of our favorite chains, there have been red flags for several companies lately. Not to jinx anything, but we have a bad feeling that these pizza chains are on thin ice.
...