Burger King has estimated that it will have to make a historically high number of closures in America this year.

In a bid to keep up with its fast food rivals, CEO Joshua Kobza announced that the chain will shutter between 300 and 400 underperforming restaurants in the US in 2023.

According to its earnings release, Burger King axed 124 locations in the year up to March, leaving 6,964 spots across the country.

One bust franchisee has already announced it will shut 27 locations across seven states this year.

Burger King is now the third-biggest fast-food restaurant in the US, after losing its second-place position to Wendy’s. McDonald’s remains top dog. Burger King also faces pressure from more upmarket chains including Five Guys and Shake Shack.

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