The pizza restaurant industry in the U.S. is highly competitive, with Domino’s at 7,014 locations and Pizza Hut at 6,557, ranking among the top 8 fast-food chains in 2025. Domino’s plans to add 175 new franchise units this year, citing strong franchisee interest and pipeline visibility.

Some pizza chains have faced economic challenges in 2025 due to intense competition, labor, and food costs. Mod Pizza closed stores and Domino’s and Little Caesars franchisees filed for bankruptcy. Smaller chains like Zeppe’s Tavern and Bertucci’s Restaurants also filed for Chapter 11.

Phoenix-based Fired Pie, once with 20 locations, filed for Chapter 11 in 2024 and now operates nine stores in Arizona. Streets of New York Inc., the official pizza of the Arizona Diamondbacks and Phoenix Suns, filed for Chapter 11 bankruptcy to reorganize its business in October 2025.

Streets of New York Inc., established in 1976, operates 16 locations specializing in New York-style pizzas, calzones, lasagna, and more. The family-owned chain filed for Chapter 11 bankruptcy but its case was dismissed due to missing documents, requiring a refile if they decide to pursue the case.

Read more at Yahoo Finance: 49-year-old favorite pizza chain files for Chapter 11 bankruptcy