this post was submitted on 10 Nov 2025
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Economics

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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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[–] RandomStickman@fedia.io 54 points 1 week ago (4 children)

CEO Ken Cook

Clearly he Kennot

He's not Kennough.

[–] SendMePhotos@lemmy.world 9 points 1 week ago (1 children)

What's his pay? Can he take a pay cut and save the stores?

[–] ivanafterall@lemmy.world 6 points 1 week ago

They're surely hammering out the details as we speak. No leader will just throw their people under the bus.

[–] ivanafterall@lemmy.world 3 points 1 week ago
[–] RickyRigatoni@retrolemmy.com 43 points 1 week ago (2 children)

Do you think capitalism would be more successful if the people running it weren't too stupid to understand that consumers need money to buy things.

[–] Grimy@lemmy.world 18 points 1 week ago* (last edited 1 week ago)

Well they are mostly rewarded for threading the line. And if they go to much one way then everyone ends up poor, they shutter a few restaurants and get to invest in cheap properties for the next few years while waiting for tax payers to bail out the economy.

They aren't stupid, up and downs are part of why it works so well for them.

[–] DioramaOfShit@lemmy.world 32 points 1 week ago (7 children)

I wonder if it has anything to do with the 13$ cheeseburgers

[–] zipzoopaboop@lemmynsfw.com 1 points 1 week ago

They're cheaper than other fast food in my experience

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[–] switcheroo@lemmy.world 22 points 1 week ago

Have they SEEN the prices in their restaurants??? Who the fuck wants to pay eight to nine dollars for a salad (especially when that salad is now much smaller than it was six months ago... I fucking saw that Wendy's and will not be ordering again).

[–] SoftestSapphic@lemmy.world 21 points 1 week ago (6 children)

Capitalism is a failed experiment

[–] sj_zero@lotide.fbxl.net 2 points 1 week ago (10 children)

Normally I'd even go a step further and challenge the idea that capitalism even exists in the postmodern world, but honestly stores shutting down because they aren't making enough money to continue operating is capitalism working as intended, not the opposite. And for once, that's a good thing.

Most forms of economic system, particularly central economic planning, would tend to choose stores based on metric other than whether they were actually cashflow positive, resulting in higher resource utilization, lower efficiency, and so worse outcomes overall.

Because Wendy's won't be using that building any longer, a different restaurant could take its place, and see if it can build a profitable business in its place. In my city, a local business took over such a building, and they make the best burgers on locally made buns in the city.

[–] stolenfat@lemmy.zip 3 points 1 week ago

A new business could take it's place if landlords would lower the cost of the rent after it sits empty for a while. I hear they often do not as lowering the rent lowers the building value.

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[–] DarrinBrunner@lemmy.world 16 points 1 week ago (10 children)

I haven't been out to eat since the pandemic. I got used to cooking my own meals. The prices have gotten ridiculous for what you get, and the service sucks. They can all go out of business for all I care.

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[–] dalekcaan@feddit.nl 15 points 1 week ago

Maybe part of the problem is that eating at Wendy's is now apparently "dining out."

[–] BigMacHole@sopuli.xyz 11 points 1 week ago

This is the MOST Terrible news I've heard ALL YEAR! Have they tried Raising Prices and Lowering Wages in response? That USUALLY works!

[–] verdantbanana@lemmy.world 7 points 1 week ago* (last edited 1 week ago) (3 children)

not to mention offers from local places that are not chains are close to if not cheaper than the fake foods at the fast-food places

and the sweet tea at the fast-food places sit in urns that are not well maintained and the ones that use the tubes to automate drink filling are not cleaned and the tubes are dirty as fuck

sweet tea is so much better at the local joints and usually cleaner and way fresher like the food

[–] aeronmelon@lemmy.world 17 points 1 week ago (1 children)

Wendy’s used to be excellent. Then Dave Thomas died.

[–] Entertainmeonly@lemmy.blahaj.zone 4 points 1 week ago* (last edited 1 week ago)

It was so fast too. I remember the fries got smaller and then the frosties did too. Then the Big bacon classic became a thing of the past. Now if you are under 25 i don't think you even remember who Dave was.

sweet tea is so much better at the local joints and usually cleaner and way fresher like the food

I can get fresh squeezed limeade at my local mexican corner store/tortilla shop and it's so fucking good.

[–] Nollij@sopuli.xyz 1 points 1 week ago (1 children)

That's an oddly specific and focused take on food service. Not wrong, just not something that most people (around here) think about when considering fast food.

Cleanliness of the drink fountains is a thought many people have.

[–] shalafi@lemmy.world 5 points 1 week ago

I'm not picky with fast food, but the local Wendy's is revolting. Only went in there for the chili sauce, now that's not enough to tempt me. The Burger King is even worse and the McDonald's get worse with each visit.

[–] buzz86us@lemmy.world 4 points 1 week ago

The burger I normally get has gone from $1.89 to $2.35.. AND the threshold for coupons is now $5..

So Wendy's has lost me as a customer. If I ate 2 JR Hamburgers and a large Fry I'd never get anything done

[–] HubertManne@piefed.social 3 points 1 week ago

Im definitely a part of this as when I did get fast food wendys was higher than some others like mcdonalds due to price/quality ratio.

Make the mushroom melt a regular item and I’ll eat there weekly

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