Overview
- The reductions target underperforming U.S. locations, with specific sites not yet disclosed.
- Interim CEO Ken Cook said the cut equals a mid-single-digit share of roughly 6,000 domestic restaurants.
- Closures start this year and continue through 2026 as part of a restructuring plan.
- Management expects the move to free franchisee capital and lift sales and profitability at nearby units.
- Wendy’s reported a 4.7% drop in U.S. same-store sales as rivals drew customers with promotions, even as its new “Tendys” chicken tenders saw strong early demand.