Wendy's To Close 140 Restaurants

Source: Xinhua News Agency / Getty

One of the largest fast food chains in the U.S. will be downsizing at the end of the year.

Wendy’s has announced plans to close 140 “underperforming” restaurants by the end of 2024. Adding that their financial performance is “well below the system average.”

In an earnings call, CEO Kirk Tanner said the company “accelerated” plans to close locations that would have otherwise closed over the next three years. He also said a new location would be opened for each restaurant that closes.

The company didn’t provide a list of locations slated to close.

Wendy’s operates more than 7,000 restaurants nationwide.

Other chains recently announced closures of underperforming locations, including Denny’s and Shake Shack.

Source: CNN

Wendy’s To Close 140 Restaurants  was originally published on mix1079.com