Buca di Beppo declares bankruptcy. Here's what restaurants are closing.

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Buca De Beppo files for bankruptcy, restaurant to close only location in Colorado Buca De Beppo files for bankruptcy, restaurant to close only location in Colorado 00:20 The Italian restaurant chain Buca di Beppo filed for bankruptcy protection after customer visits to the family-style dining establishment declined in recent years. Buca di Beppo, which experienced "limited customer demand" during the pandemic, never fully recovered to the same level of revenue and sales after lockdown restrictions were lifted, the restaurant chain said Monday in bankruptcy court documents. The privately owned restaurant's revenue for the first five months of 2024 fell 10% to $74.8 million compared with a year earlier, court documents show. Buca di Beppo is entering Chapter 11 bankruptcy saddled with more than $10 million in debt. About $1.36 million of that debt is for gift cards that customers have not yet redeemed, the restaurant said. U.S. restaurants are struggling to maintain their sales as inflation-weary customers pull back on spending at fast food chains and sit-down establishments alike. At the same time, restaurants are facing higher food prices and labor costs, adding to their financial pressures. Buca joins Red Lobster, Sticky's Finger Joint and Tijuana Flats on the list of casual restaurants that have filed for bankruptcy protection this year. "While the restaurant industry has faced significant challenges, this move is the best next step for our brand," Buca president Rich Saultz said in a statement. "By restructuring with the continued support of our lenders, we are paving the way toward a reinvigorated future." As part of its bankruptcy process, Buca said it began closing underperforming locations this year, including shuttering a dozen last month. Below are its 18 closed locations: 7111 West Ray Road in Chandler, Arizona 1249 Howe Ave. in Sacramento, California 615 Flatiron Marketplace Drive in Broomfield, Colorado 1351 South Orlando Avenue in Maitland, Florida 1030 Auahi Street in Honolulu, Hawaii 6045 East 86th Street in Indianapolis, Indiana 112 Kentlands Blvd in Gaithersburg, Maryland 38888 Six Mile Road in Livonia, Michigan 12575 Hall Road in Utica, Michigan 44 Wolf Road in Atlantic City, New Jersey 1900 Pacific Avenue in Colonie, New York 10915 Carolina Place Parkway in Pineville, North Carolina 60 East Wilson Bridge in Worthington, Ohio 3 East Station Square Drive in Pittsburgh, Pennsylvania 6600 Robinson Centre Drive in Pittsburgh, Pennsylvania 2745 Paper Mill Road in Wyomissing, Pennsylvania 202 West 200 South in Salt Lake City, Utah 935 East Fort Union Blvd in Midvale, Utah The restaurant is keeping open 44 locations and is working on opening one new restaurant, according to a Monday statement from the restaurant. Buca, which first opened in Minnesota in 1993, employs 3,340 workers, of which 266 are full-time.