Wendy’s Plans to Close Hundreds of Restaurants
Wendy’s has recently revealed financial challenges, marked by plans to close many underperforming locations. This announcement came during a quarterly earnings call where Interim CEO Ken Cook informed investors that the company will shutter numerous restaurants in 2025, with more closures expected in 2026.
Scale of Closures
The number of stores set to close is estimated to be between 240 and 360. Currently, Wendy’s operates about 6,000 restaurants across the United States.
Industry Context and Sales Performance
Unlike Wendy’s, its main competitors Burger King and McDonald’s reported profitable quarters. Wendy’s, however, experienced a 4.7% drop in sales.
“The company plans to begin closing many locations that aren't meeting sales expectations this year, with more slated to meet the same fate in 2026.” — Ken Cook, Interim CEO
Strategic Focus
The closures aim to cut losses and allow Wendy’s to reallocate investment capital toward stronger-performing restaurants. Despite the overall sales decline, one new menu item—the “Tendy’s” chicken tenders—has exceeded sales expectations, sometimes selling out before any public advertising.
“The restaurant's 'Tendy's' have surpassed sales forecasts, with some locations blowing through their inventory before the chicken tenders were even being advertised to the public.”
Summary
Wendy’s is focusing on closing underperforming restaurants to strengthen its core business, while new menu successes offer hope for future growth.
More News
- "There was only 1 game on all of Steam with more reviews than us at 100%," roguelike dev says, and now 54 clown emojis adorn the troll who broke the streak
- 25% Off All Redmen Merch — Hoodies, T-Shirts, Mugs, and More
- “We are devastated - Thom’s infection has made it impossible for him to sing”: Radiohead postpone two Copenhagen shows
- Petralon Energy Strengthens Dawes Island Development Through PIA Framework
- Radiohead Postpone European Tour Dates Due to Thom Yorke’s Throat Infection
- Why I Ignore What My Coach Says and Do What I Want in the Gym
- Driven - Film 2001
- Shah Rukh Khan’s Million Dollar Advice To Delhi Groom: ‘Just Do What She Says, And Life Will Be...’
- Gold Prices Near Diwali Record as Fed Rate-Cut Hopes Boost Demand
- Patrick Knowles Designs leads refit of 45m Delta Marine superyacht Driven