Wendy's to Close 140 U.S. Restaurants While Opening New Locations
Wendy's Restaurant Closures and Openings
Wendy's is making significant adjustments in its restaurant footprint as it plans to close 140 U.S. locations by the end of the year. This closure is part of a broader strategy to offset the simultaneous opening of new restaurants.
Details of Closures
- 140 U.S. restaurants will be closed to improve overall performance.
- These closures add to the 100 already scheduled for closure announced in May.
Future Openings
Despite the closures, Wendy's remains optimistic about its growth. The company aims to open 250 to 300 new restaurants this year, focusing on higher-performing areas to drive success.
Performance Insights
Wendy's President and CEO, Kirk Tanner, emphasized that the closed locations have been underperforming relative to others in the chain, making this move strategic for future profitability.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.