Wendy's to Close 140 Underperforming Restaurants by Year-End

The closures will be offset by opening new locations, maintaining a stable number of stores globally.

Wendy's plans to close 140 outdated and underperforming locations by the end of 2024, following 100 closures announced earlier this year.
The company aims to balance these closures by opening 250 to 300 new restaurants in more profitable areas, ensuring net unit growth remains flat.
CEO Kirk Tanner emphasized that the closures are part of a strategy to enhance the brand's overall health and profitability.
The affected restaurants have average annual sales of $1.1 million, significantly below the company average, prompting the decision to close them.
Wendy's has opened over 500 new locations in the past two years and plans to continue its expansion with improved restaurant designs and customer experiences.