Wendy’s to Close Hundreds of Stores
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Wendy's said in its earnings call Friday that it will shutter some 200 to 350 underperforming restaurants, starting this year and into 2026.
The closures are part of the company's "Project Fresh" plan and aim to drive growth and "long-term value" to U.S. locations.
Wendy's has been struggling lately and the most recent sign of financial distress came on a recent call with investors where a slew of closures was announced.
The fast-food burger chain is working with franchisees to either fix, sell or close weaker restaurants, implying that hundreds of locations
(CNN) – Wendy’s is planning to close hundreds of its restaurants. The interim CEO of Wendy’s announced a percentage estimate amount, which would equate to about 200 to 350 closures of the chain’s roughly 6,000 U.S. locations.
Wendy's plans to potentially close hundreds of restaurants in the U.S. The fast food chain has 54 Minnesota locations.
The key test is whether Wendy’s can win back traffic in its home market and convince diners that its food and service are worth coming back for. It is a challenge because bigger rivals such as McDonald’s have more money to spend on marketing, technology, and promotion deals.
Wendy likes to act first and think later. The post RHOP’s Wendy Osefo Thinks ‘About the Consequences Later’ Amid Wife Swap Journey appeared first on Reality Tea.