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Wendy’s to close hundreds of restaurants as struggling customers cut back on dining out (www.independent.co.uk)

submitted 1 week ago by MicroWave@lemmy.world to c/economics@lemmy.world

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Wendy’s is set to close hundreds of restaurants as customers struggling financially cut back on dining out.

Interim CEO Ken Cook announced on an earnings call Friday that the fast food chain will close a “mid single-digit percentage” of locations. With about 6,000 restaurants, Wendy’s could shutter between 200 to 350 locations.

Cook said some restaurants are expected to close as early as later this year, and locations will continue to shutter in 2026.

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[–] thericofactor@sh.itjust.works 1 points 1 week ago (1 children)

I heard this from friends that lived in New York. But it might be just a biased opinion. Happy to hear it's not true though.

[–] neukenindekeuken@sh.itjust.works 1 points 1 week ago

Your friend is either an idiot, or so far removed from what it takes to get by as normal people that he's like the 10 dollar banana Michael meme.