Wendy's plans to close hundreds U.S. restaurants over the next few months in an effort to boost its profit. 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 ended the third quarter with 6,011 U.S. restaurants.
CAVA reported Q3 2025 earnings after the close on Tuesday, delivering results that largely matched expectations but fell short on profitability. The stock closed at $49.12, down sharply from its 52-week high of $172.43. Revenue came in at $292.24M versus the $291.95M estimate, while EPS missed at $0.12 against a $0.13 consensus. The miss marked a departure from CAVA's recent track record of beating estimates in five of the last six quarters.
