US EditionWendy’s is closing hundreds of restaurants
- On Nov. 7, Wendy's, the Dublin, Ohio-based chain, said a mid-single-digit percentage of its U.S. stores will close starting in the fourth quarter of this year and continue into next year.
- Executives told investors that falling sales and outdated locations prompted Wendy's to act after U.S. same-store sales fell 5% in July-September and many 55-year-old restaurants lagged traffic and profitability.
- Wendy's ended the third quarter with 6,011 U.S. restaurants, implying about 200 to 350 locations may close as the company plans upgrades, transfers, or closures, adding to 240 closures in 2024.
- Investors pushed Wendy's shares lower after the announcement Friday, with shares dropping 7% Friday and down 6% in Monday afternoon trading as planned closures may affect franchisees.
- Ken Cook, interim CEO, said Wendy's will shift marketing to value and freshness while downsizing U.S. locations as part of broader restructuring, the company said.
200 Articles
200 Articles
Los Angeles Times
Independent EspañolFast food chains in the United States have been experiencing problems attracting lower-income consumers in recent years as inflation has led to an increase in prices.
Wendy’s, the historic multinational fast food company, plans to close hundreds of branches in the United States in the coming months as part of its restructuring plan. The announcement adds to the closing of 240 stores last year. What is known about Wendy’s closing of stores in the United States. The news was confirmed by Ken Cook (interim director general of Wendy’s) during a telephone conference with investors. There, she reported that between…
Wendy’s to shut stores? American fast food chain to close hundreds of outlets by 2026 — Here’s why
Wendy's plans to close hundreds of outlets by 2026 due to rising costs and competition from cheaper fast-food and casual dining options. The chain aims to streamline operations while maintaining its commitment to quality during challenging times.
Wendy's to close hundreds of restaurants across US
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 new round of closures comes on top of the closure of 240 U.S. Wendy's locations in 2024.
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