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Wendy's to close hundreds of US stores next year

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1 month ago

Fast food giant Wendy’s plans to close hundreds of its U.S. stores next year as part of a broader effort to revive its domestic business, which has been under pressure from slowing sales.Interim CEO Ken Cook said during the company's earnings call on Friday that a "mid-single-digit percentage" of its 6,011 U.S. restaurants are expected to close next year. A mid-single-digit percentage is about 4% to 6%, which means the least number of closures would be 241 stores. FOX Business reached out to Wendy's for comment. MCDONALD’S BRINGS BACK EXTRA VALUE MEALS TO LURE BUDGET-CONSCIOUS CUSTOMERS This c...

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1 month ago
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