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55-year-old restaurant chain abruptly shutters locations nationwide
Fox Business • • business
Key Points:
- O’Charley’s Restaurant & Bar is reportedly closing its remaining locations nationwide, ending the 55-year-old casual dining chain’s operations, according to employees at six of its eight Middle Tennessee locations.
- The company has not publicly confirmed the closures, has disabled its social media accounts, and its website was inaccessible as of Thursday morning.
- O’Charley’s has faced declining customer traffic and sales, with guest counts falling 23.8% and comparable store sales dropping over 13% in the second quarter of 2026, according to owner Cannae Holdings Inc.
- Cannae Holdings, which owns a majority stake in O’Charley’s, has been working on menu changes and closing underperforming restaurants while exploring strategic alternatives for its restaurant group amid broader portfolio changes.
- Founded in 1971 in Nashville, O’Charley’s expanded to hundreds of locations across the Southeast and Midwest but had reduced its footprint to 52 locations earlier this year before the reported closures.
