In-N-Out billionaire CEO: 'We're not moving' HQ out of California

Medianews Group/Orange County Register Via Getty ImagesLynsi Snyder, the billionaire owner and president of California-based burger chain In-N-Out Burger, says her company isn't moving its corporate headquarters to Tennessee — it's merely opening a new office there. "We're not moving In-N-Out Burger's corporate headquarters," Snyder, 43, said on Monday. "We're not leaving California, or leaving our roots behind

Moreover, Each one of our locations is here to stay. "Snyder's s came three days after an interview she gave on the "Relatable" podcast, where she spoke her family's impending move to Tennessee. "There are a lot of great things California, but raising a family is not easy here," Snyder, who has four children, said on the podcast

However, "Doing is not easy here. "Snyder's grandparents founded the burger chain in 1948 in Baldwin Park, California, amid market uncertainty

Some initial reports suggested that Snyder would bring In-N-Out's corporate headquarters to Tennessee with her, and the company — which exists predominantly on the West Coast — does plan to open new locations in the Southeast and a regional headquarters in Franklin, Tennessee

The company's current headquarters in Irvine, California, will close by 2029, Snyder said last week — and the company will soon be based in Baldwin Park instead, she now says

Some Californians criticized Snyder for pulling her family out of the state that helped her family attain generational wealth (remarkable data)

Snyder's estimated net worth is $7. 3 billion, according to Forbes (an important development)

High expenses are a key reason why California ranked 22nd on CNBC's 2025 ranking of the Top States for, while Tennessee ranked 8th overall. "Where I raise my family has nothing to do with my love and appreciation for our Customers in California," Snyder said on Monday. "I'm very ud of where In-N-Out started

Anyone who knows me knows how often I talk our beginnings and how our customers here in California helped bring us to where we are today. "Most of In-N-Out's 400-plus locations are in California, in light of current trends

What the data shows is company has expanded its foot over the past three decades, and now has locations in eight states: California, Nevada, Arizona, Utah, Texas, Oregon, Colorado and Idaho

This leads to the conclusion that company is the ninth-largest burger chain in the U

By sales, bringing in an estimated $2. 1 billion per year, according to food service consulting firm nomic

Furthermore, Furthermore, Its national expansion efforts are notably slow and deliberate, due partially to the company's commitment to never freezing any of its ingredients, meaning that any new restaurant must be within a day's driving distance of an In-N-Out supply center

With its new facility and offices in Franklin expected to be in 2026, the company could soon begin opening locations in Tennessee, with 35 new restaurants eventually planned for the state, The Tennessean reported on Monday (remarkable data)

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