Is Five Guys Closing In 2024?

About Five Guys

Five Guys is a popular American chain that was founded by the Murrell family in 1986 in Virginia and it features more than 1700+ locations worldwide today.

Five Guys Is Closing?

People on the internet were led to believe that Five Guys is closing stores in 2024. This happened because of the convincing ads on Google and YouTube.

Five Guys Is Closing?

All these ads led people to an article on the website Reference.com with the title: “These 53 Restaurant Chains Are on the Brink of Disappearing Entirely.” But in the article, Five Guys was not even mentioned once.

Similar Thing Has Happened Before

Five Guys is not the only company that has been the victim of such tactics. The same thing has happened before with three companies: Cracker BarrelOlive Garden, and Old Country Store.

Why Do These Adverts Exist?

This adverts are specifically known as “advertising arbitrage,” and are used to bring readers to a website to earn money via ads.

Financial Peformance Of Five Guys

Five Guys has been able to grow and sustain beautifully in spite of getting a hit during the Pandemic. Their global sales have grown by 22.7%, reaching $2,790,474,334.

Financial Peformance Of Five Guys

Five Guys has been able to grow and sustain beautifully in spite of getting a hit during the Pandemic. Their global sales have grown by 22.7%, reaching $2,790,474,334.

Is Five Guys Closing In 2024?

Is Five Guys Closing In 2024?