"This year has seen a string of headlines that sum up the woeful state of the industry, with Jack-in-the-Box and Starbucks closing hundreds of stores and KFC, Del Taco, and Pizza Hut all reporting drops in sales. This follows what was a brutal 2024 for sit down chain restaurants, with multiple popular chains going bankrupt within months of each of other. And now Wendy's is joining the long list of chains that are shuttering locations."
"While not being overly specific, Cook says that Wendy's is looking to close a "mid single-digit percentage" of its total stores, according to CNN. Wendy's ended 2024 with just over 5,900 locations in the U.S., so that would imply around 300 stores could be closing soon. This follows on the heels of a smaller retraction last year, when the chain closed 140 locations."
Wendy's plans to close a mid-single-digit percentage of U.S. locations, which would equal roughly 300 stores based on about 5,900 domestic outlets. The chain reported U.S. sales down 3.4% year-over-year and its stock has fallen roughly 50% this year. Leadership turnover has increased, including the departure of former CEO Kirk Tanner. Wendy's previously closed 140 locations last year and aims to renovate stores and add technology to boost performance. The company launched a brand overhaul called Project Fresh to improve customer appeal and sales while focusing on healthier core operations.
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