Wendy’s, America’s third-largest fast food chain, has announced plans to close 200 to 360 locations of “underperforming” restaurants over the next two years.
Recognized throughout the nation by its logo of a little girl with red hair in pigtails, Wendy’s experienced a 4.7 percent decline in U.S. third-quarter sales, while its international sales jumped by 8.6 percent.
During a Nov. 7 earnings call, Interim CEO Ken Cook said a mid-single-digit percentage of its U.S. restaurants will be shutting their doors. As of Dec. 29, 2024, there were 5,933 Wendy’s locations in operation nationwide, according to a filing.
Cook said the closures are part of the company’s turnaround plans to improve profitability and reverse a decline in domestic sales….