Tough Times in the Burger Business: Back Yard Burgers Files Bankruptcy

Back Yard Burgers of Nashville, Tenn., filed Chapter 11 bankruptcy a day after closing eight underperforming stores in Arkansas.

Times are tough in the burger business. Just this week:

If that's not enough, even McDonald's is having tough times, reporting third-quarter profit down 4 percent:

CEO Don Thompson said Friday that those trends are likely to continue to pressure its revenue and net income results in the near term. He said revenue in stores open at least 13 months, a key restaurant metric, is trending negative so far in October.

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