""When we look at the system today, we have some restaurants that do not elevate the brand and are a drag from a franchisee financial performance perspective. The goal is to address and fix those restaurants,""
""mid-single-digit percentage""
Wendy's plans to begin closing hundreds of U.S. restaurants in the fourth quarter to boost profit and make remaining stores more appealing. The company expects a mid-single-digit percentage of U.S. locations to be affected; with 6,011 U.S. restaurants at the end of the third quarter, a 5% reduction would equal about 300 closures. This new round follows 240 U.S. closures earlier in 2024 as many locations are out of date. The company will upgrade some struggling restaurants with technology or equipment, transfer ownership of others, or close them outright to improve traffic and franchisee financial performance. Lower-income consumers remain pressured by inflation, which affects fast-food traffic.
Read at ABC7 San Francisco
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