America's Pizza Business Is Feeling The Squeeze As Another Chain Files For Bankruptcy While Domino's, Papa John's Warn Consumers Are Pulling Back

Benzinga_recent_news05-16

Amid mounting pressure on U.S. pizza chains from weaker consumer spending and slowing restaurant traffic, Washington-based wood-fired pizza chain Smoking Monkey Pizza filed for Chapter 11 bankruptcy ...

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The filing lists assets of up to $50,000 and liabilities ranging between $100,000 and $500,000.\nThe largest unsecured creditors listed in the court papers include the Washington Department of Revenue, Sysco, Chase Card Services, Gravity Payments, Greco and Puget Sound Energy, all owed amounts ranging from about $34,000 to more than $52,000.\nTB Enterprises previously operated three Smoking Monkey Pizza locations in Washington, but its Spokane outlet closed about two months ago. The company's Renton and Seattle locations remain open.\nThe filing underscores the difficult operating environment facing restaurant chains. In 2025, the industry experienced a challenging economic backdrop, with customer traffic declining every month except July, according to data from Black Box Intelligence and CNBC. \nAt the same time, weak North American demand, cautious consumer spending and intense promotional activity in the quick-service restaurant sector weighed on quarterly results at Papa John’s International, despite growth in its international business and expansion efforts.\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nImage via Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2636310069","isCrawlerRequest":true}