Wendy’s Plans to Close Hundreds of Restaurants
Wendy’s announced it will shut down between 200 and 350 of its roughly 6,000 restaurants across the United States. The decision aims to remove locations performing below expectations and improve overall company health.
“These are consistently underperforming locations that are dragging down the chain’s overall performance,” said Wendy’s interim CEO.
The closures will begin soon and continue throughout the next year. The company has not released details on which restaurants will be affected.
This step follows last year’s closure of 140 outlets for similar reasons. Recently, Wendy’s reported a nearly 5% decline in quarterly sales, while competitors such as McDonald’s and Burger King saw earnings growth during the same period.
Author’s Summary
Wendy’s will close 200–350 U.S. restaurants due to weak sales performance, aiming to strengthen its operations after a year of declining results.