According to Dairy Queen Corporation’s latest SEC filing, the company expects to incur losses in 2019 and 2020. The company cites “the current economic environment and weak consumer demand” as reasons for its poor financial outlook.
Dairy Queen is the latest in a long line of restaurant chains to announce closures in 2019. The closures come as the industry as a whole struggles with weak sales and a lack of customers.
Dairy Queen’s closure may be due in part to the competition from fast food chains like McDonald’s and Burger King. These chains are able to offer lower prices and more convenient locations.
Dairy Queen has struggled to keep up with the fast food chains, and has seen a decline in sales throughout the United States.
The closures of Dairy Queen may have a negative effect on the economy as a whole. The company employs a large number of workers, and their departure may lead to unemployment.
The closures may also lead to lower spending by consumers, as they no longer have the option of going to a Dairy Queen for a quick snack.
The closures of Dairy Queen may be a sign of more widespread problems in the restaurant industry. The weak economy has forced many restaurants to close, and the closures may have a negative effect on the economy as a whole.
