Wendy’s plans to close 140 U.S. restaurants before the end of this year on top of the 100 it said it would close in May. But in a conference call with investors Thursday, the company said those closures will be offset by new restaurant openings. Wendy’s said it plans to open between 250 and 300 restaurants this year. Wendy’s President and CEO Kirk Tanner said the restaurants that are closing are underperforming compared to others. “They’re just in locations that don’t build our brands,” Tanner said.

Topics:  wendy s president   ceo kirk tanner    they re   dublin   ohio-based wendy s    our   u.s     u.s    earlier   october   denny s   and red lobster   u.s    tanner    wendy s   wendy s   close   restaurants   push   locations   year   sales   deliver   open   closing   plans   
BING NEWS:
  • Wendy’s closing 140 more restaurants as part of push to update its locations
    U.S. restaurant sales have seen little growth this year as many consumers pushed back against rising menu prices. Wendy’s same-store sales – or sales at locations open at least a year – were up less ...
    11/1/2024 - 10:16 am | View Link
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