While rivals, including Applebee’s, Red Lobster, Twin Peaks, and a number of other chains, have struggled and even filed for Chapter 11 bankruptcy, Chili’s has been on a steady growth path. That’s a marked contrast to rival Ruby Tuesday, a chain with a similar menu and model that has struggled to find a path forward since its 2020 Chapter 11 bankruptcy.

Bankruptcy attorney Daniel Gielchinsky told Fox Business that he expects more closures in the restaurant space.

“Restaurants that exist today may not exist in five years. They’ll be off the map,” Gielchinsky said. Additionally, consumers will “see a lot of restaurants with a decreased footprint.”