Five Guys continued to grow its physical footprint last year, but the fast-food burger chain also closed 31 U.S. stores in multiple states, according to its most recent franchise disclosure document.
The document, issued in late June, reveals that Five Guys operated 1,583 locations across the United States and Canada at the end of fiscal year 2025, a net increase of 25 locations from the beginning of the year.
Of those restaurant locations, 970 are franchised, and 613 are company-owned. Here’s a look at where stores opened and closed in the U.S.:
11 franchised U.S. locations closed
In 2025, 11 franchised Five Guys restaurants closed across nine states, the disclosure document shows. Here’s how many stores closed in each state:
- Alabama: 1
- California: 2
- Florida: 1
- Kansas: 1
- New York: 1
- Ohio: 1
- Oregon: 1
- Pennsylvania: 2
- Washington: 1
20 company-owned U.S. locations closed
Meanwhile, 20 company-owned locations closed across eight states. Here’s how many of those stores closed in each state:
- Alabama: 1
- Arizona: 2
- California: 7
- Connecticut: 2
- Maryland: 2
- Texas: 3
- Virginia: 2
- West Virginia: 1
34 franchised U.S. locations opened
Five Guys opened 34 U.S. franchise locations across 19 states in 2025. Here’s how many stores opened in each state:
- Arizona: 1
- California: 1
- Colorado: 1
- Florida: 7
- Georgia: 1
- Idaho: 1
- Indiana: 2
- Louisiana: 2
- Massachusetts: 1
- Nevada: 1
- New Jersey: 2
- New York: 5
- North Carolina: 1
- Ohio: 1
- Pennsylvania: 1
- South Carolina: 2
- Texas: 1
- Washington: 2
- West Virginia: 1
20 company-owned U.S. stores opened
Finally, 20 U.S. company-owned Five Guys locations opened across 11 states. Here’s how many stores opened in each state:
- Connecticut: 1
- Florida: 2
- Georgia: 2
- Illinois: 1
- Maryland: 2
- Michigan: 2
- Missouri: 1
- Ohio: 1
- Pennsylvania: 1
- Texas: 4
- Virginia: 3
How 2026 is going so far
In May, Fast Company reported that at least 14 Five Guys locations across seven states had closed or were set to close in the first half of 2026.
However, the total number of location closures has not yet been confirmed by the privately held company.
Fast Company reached out to Five Guys to ask whether it has an updated list of 2026 closures. We’ll update the story if we receive a reply.
The 2026 Five Guys franchise disclosure document shows that the fast-casual burger chain plans to grow its footprint overall.
As of December 31, 2025, Five Guys had signed 286 franchise agreements in the U.S. for locations that had not yet opened.
Thirty-seven new locations were projected to open: 30 franchised and seven company-owned. Florida has the most planned growth, with 56 franchise agreements signed for locations that had not yet opened.