Wendy’s Plans to Close Hundreds of Restaurants
Wendy’s is preparing to shut down between 200 and 350 of its approximately 6,000 U.S. locations. The company’s interim CEO described these as “consistently underperforming” restaurants that negatively impact overall performance.
The closures will begin soon and continue into next year. However, no specific locations have been revealed yet.
This move follows a similar action last year, when Wendy’s closed 140 locations due to underperformance.
Recently, Wendy’s reported a nearly 5% decline in sales for the quarter, while competitors like McDonald’s and Burger King posted gains.
“Consistently underperforming” locations are dragging down the chain’s overall performance, according to Wendy’s interim CEO.
Author’s summary: Wendy’s is set to close up to 350 underperforming U.S. restaurants over the coming year amid declining sales, following a prior round of closures last year.
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