Wendy's to close 140 ‘underperforming' restaurants by end of 2024
Ohio-based fast-food chain Wendy’s will close more than 100 “underperforming” restaurants by the end of 2024, officials announced during an earnings call Thursday. The announcement comes as popular fast-food chains like Wendy’s, McDonald’s and Burger King work to earn customers back through value meal deals and discounts. The closures were based off a “robust review” of individual restaurants, Wendy’s President and Chief Executive Officer Kirk Tanner said. Tanner went on to say that the restaurant closures are outdated and in “underperforming areas.” According to Tanner, the closures, which amount to approximately 140 restaurants, were accelerated. “These are closures that would have happened in ’25, ’26 and ’27,” officials said during the call, adding that the same number of stores were expected to open by the end of the year. Wendy’s did not immediately provide details on locations of stores expected to close. The chain also announced new menu offerings on the call, including a new Salted Caramel Frosty, and the “return of the customer-favorite Mushroom Bacon Cheeseburger.” Earlier this year, Wendy’s launched “Krabby Patteis” on menus as part of a SpongeBob SquarePants collaboration. Lawsuits Oct 30 McDonald's faces proposed class action lawsuit over E. coli outbreak Health Oct 30 CDC says slivered onions are likely cause of McDonald's E. coli infections as cases rise to 90 news Oct 28 McDonald's reverses U.S. same-store sales declines in the third quarter, but E. coli fallout looms
Ohio-based fast-food chain Wendy’s will close more than 100 “underperforming” restaurants by the end of 2024, officials announced during an earnings call Thursday.
The announcement comes as popular fast-food chains like Wendy’s, McDonald’s and Burger King work to earn customers back through value meal deals and discounts.
The closures were based off a “robust review” of individual restaurants, Wendy’s President and Chief Executive Officer Kirk Tanner said. Tanner went on to say that the restaurant closures are outdated and in “underperforming areas.”
According to Tanner, the closures, which amount to approximately 140 restaurants, were accelerated.
“These are closures that would have happened in ’25, ’26 and ’27,” officials said during the call, adding that the same number of stores were expected to open by the end of the year.
Wendy’s did not immediately provide details on locations of stores expected to close.
The chain also announced new menu offerings on the call, including a new Salted Caramel Frosty, and the “return of the customer-favorite Mushroom Bacon Cheeseburger.”
Earlier this year, Wendy’s launched “Krabby Patteis” on menus as part of a SpongeBob SquarePants collaboration.
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