The Once-Bankrupt Pizza Buffet Chain That's Found New Life Inside Walmart - Tasting Table
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The Once-Bankrupt Pizza Buffet Chain That's Found New Life Inside Walmart - Tasting Table
"Ask any Gen Xer who grew up going to Mr Gatti's, and they almost always have a story loaded with nostalgia. The affinity felt by millennials and Gen Xers who experienced Gatti's during their formative years is often palpable, with customers expressing deep emotional connections to the brand and its pizza offerings from their childhood experiences."
"By 2019, some Gatti's restaurants were running at a loss, prompting the company to file for Chapter 11 bankruptcy. But the bankruptcy nor what Gatti's CEO Jim Philips recalls as the 'devastating' impact of COVID-19 on the restaurant industry signaled the end for the business. In 2024, Gatti's announced that it would be opening 92 locations in Walmart stores across four states."
Mr Gatti's Pizza originated in Stephenville, Texas in 1964 when Air Force lieutenant colonel James Eure opened a restaurant initially focused on burgers, but quickly pivoted to pizza after discovering its overwhelming popularity. The business expanded significantly across Texas and the Southeast as pizza buffets gained traction. By 2019, financial difficulties led to Chapter 11 bankruptcy filing. Despite the devastating impact of COVID-19 on the restaurant industry, the company persevered under CEO Jim Philips' leadership. In 2024, Mr Gatti's announced a major comeback with 92 new franchise locations opening in Walmart stores across four states, rekindling nostalgia among Generation X and millennial customers who cherish childhood memories of the chain.
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