Wendy’s is set to close approximately 140 underperforming restaurants by the end of 2024, CEO Kirk Tanner revealed on a third-quarter earnings call.
The purpose of Wendy’s closures is to enhance its “restaurant footprint and overall system health,” Tanner said, according to a transcript from The Motley Fool. Many closing locations will be replaced with “new restaurants at better locations with significantly improved sales and profitability,” he continued.
Wendy’s will be closing around 140 locations by the end of 2024.https://t.co/tf6ZeabEVl
— KTLA (@KTLA) November 1, 2024
“I think when you think about strengthening our system, you look at a brand that’s 55 years old and some of those restaurants are … just out of date,” the Wendy’s CEO said regarding his decision, according to the transcript.
Wendy’s “conducted a robust review of individual…
