Wendy’s to Close Hundreds of Stores
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Tampa Free Press on MSN
Wendy’s To Shutter 100s Of Locations As Financially Strained Customers Cut Back On Dining OutWendy’s, one of the nation’s leading fast food chains, announced Friday that it plans to close hundreds of underperforming restaurants as consumers,
Fast food chain Wendy's is planning to close hundreds more stores just a year after shuttering 140 locations.
Wendy's said in its earnings call Friday that it will shutter some 200 to 350 underperforming restaurants, starting this year and into 2026.
Fast food chain Wendy's is set to close hundreds of restaurants around the country. CNN is reporting that in a call on Friday, Interim CEO Ken Cook told analysts a “mid single-digit percentage” of approximately 6,000 U.S. locations could close, which amounts to between 200 and 350 restaurants.
Wendy's has 16 locations in Rhode Island, according its website. That includes four in Providence, three in Warwick and two in Pawtucket and Cranston. The Indiana-based chain of donut shops filed Chapter 11 bankruptcy recently.