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Wendy's closes US restaurants and focuses on value to turn around falling sales (apnews.com)

submitted 4 weeks ago by MicroWave@lemmy.world to c/economics@lemmy.world

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Wendy’s is closing several hundred U.S. restaurants and increasing its focus on value after a weaker-than-expected fourth quarter.

The Dublin, Ohio-based company said Friday that its global same-store sales, or sales at locations open at least a year, fell 10% in the October-December period. That was worse than the 8.5% drop expected by analysts polled by FactSet.

U.S. same-store sales fell even further in the fourth quarter. Wendy’s said late last year that it planned to close underperforming U.S. restaurants, but it gave more details about those closures Friday.

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[–] Lag@piefed.world 3 points 4 weeks ago (1 children)

It's hard to find real restaurants that don't buy their stuff frozen from the same source as a restaurant on the other side of the US.

[–] HubertManne@piefed.social 4 points 4 weeks ago

not in a metro area. I mean we still have crappy restaurants like that but I would say they are in the minority. Heck most any gyro and taquería place uses fresh along with the non chain pizza places and asian and italian.