"Wendy's will close hundreds of U.S. restaurants beginning this quarter, cutting roughly 5% of its 6,011 stores as the chain battles declining profits. The closures target outdated, underperforming locations as fast-food chains struggle with inflation-weary consumers reluctant to spend, despite Wendy's value meal offerings. The latest cuts follow 240 closures last year, with same-store sales down 4% as Wendy's refocuses marketing on value and ingredient freshness."
"Wendy's plans to close hundreds U.S. restaurants over the next few months in an effort to boost its profit and make its remaining stores more appealing. The Dublin, Ohio-based chain said during a conference call with investors Friday that it planned to begin closing restaurants in the fourth quarter of this year. The company said it expected a "mid-single-digit percentage" of its U.S. stores to be affected, but it didn't give any more details."
Wendy's will close hundreds of U.S. restaurants beginning this quarter, affecting a mid-single-digit percentage of its 6,011 stores — roughly 300 closures. The chain is targeting outdated, underperforming locations that drag franchisee financial performance and fail to elevate the brand. Same-store sales fell 4% and the company closed 240 locations in 2024. Inflation-weary consumers remain reluctant to spend despite value meal offerings, pressuring profits. Interim CEO Ken Cook said closing underperforming restaurants should improve traffic and profitability at remaining stores; some locations may be renovated while others will be shuttered.
Read at Los Angeles Times
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