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- Executives told investors that falling sales and outdated locations prompted Wendy's to act after U.S. same-store sales fell 5% in July-September and many 55-year-old restaurants lagged traffic and profitability.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.
241 Articles
241 Articles
One of America’s biggest fast-food chains is closing hundreds of locations
Wendy’s will close between 200 and 350 restaurants across the United States as part of a major restructuring plan aimed at reversing declining sales, the company announced Friday, according to CNN.
Fast Food Chain To Close Hundreds Of Locations * 100PercentFedUp.com * by Danielle
Wendy’s plans to close hundreds of locations across the United States due to declining revenue and profits. The fast food chain expects to begin shuttering locations in the fourth quarter of this year. According to CBS News, the company cited “cutbacks by lower-income consumers.” Wendy's plans to close hundreds U.S. restaurants over the next few months. The new round of closures comes on top of the closure of 240 U.S. Wendy's locations in 2024.…
Wendy’s will close 300 premises in 2026 to improve its profitability and modernize its network, following a decline in sales and inflation pressure
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