27-Year-Old BBQ Chain Shutters 26 Locations, Clearing Path for Jack in the Box
Smokey Bones closed all 26 remaining locations on April 27 after FAT Brands filed Chapter 11 with over $1 billion in debt, following multiple ownership changes and legal scrutiny. The abrupt exit of a 27-year-old barbecue rival may boost Jack in the Box’s market share as displaced customers seek dining alternatives.
1. Abrupt Chain-Wide Closure
Smokey Bones announced on April 27 the immediate closure of its last 26 U.S. locations, catching staff and customers off guard. Employees across 10 states reported no advance notice, marking the end of the brand’s 27-year run in a single sweep.
2. Financial Strain and Ownership Changes
The chain’s parent, FAT Brands, entered Chapter 11 in January with over $1 billion in debt after acquiring Smokey Bones in 2023 and transferring it to subsidiary Twin Hospitality in 2025. Prior rounds of closures left only 26 outlets before this final shutdown, reflecting years of legal and operational challenges.
3. Competitive Implications for Jack in the Box
The sudden exit reduces competition in casual dining barbecue, potentially directing former Smokey Bones patrons toward Jack in the Box. This shift could translate into higher same-store sales for Jack in the Box as consumers seek alternative dining options.