Wendy’s Plans Major Restaurant Closures
Wendy’s has announced plans to shut down a significant number of its U.S. restaurants over the coming year. The interim CEO revealed that the closures would affect between 200 and 350 locations out of the chain’s roughly 6,000 domestic outlets.
These are “consistently underperforming” locations that are dragging down the chain’s overall performance.
The process of closing these restaurants will begin soon and is expected to continue throughout next year. The company has not yet shared a detailed list of which stores will be affected.
This move follows a previous wave of closures just a year ago, when 140 Wendy’s restaurants were shut down due to similar performance concerns. The decision comes after a recent quarter in which Wendy’s reported nearly a 5% decline in sales, while competitors like McDonald’s and Burger King reported gains.
Key Points
- Between 200 and 350 U.S. Wendy’s locations will close.
- Closures will begin soon and continue through next year.
- Last year, Wendy’s also closed 140 locations for underperformance.
- Recent sales dropped approximately 5% compared to competitors’ growth.
Author’s summary: Wendy’s plans to close 200–350 U.S. restaurants due to continued underperformance and falling sales, aiming to strengthen overall profitability.