{"id":121108,"date":"2024-11-02T06:24:51","date_gmt":"2024-11-01T23:24:51","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=121108"},"modified":"2024-11-02T06:24:51","modified_gmt":"2024-11-01T23:24:51","slug":"wendys-closing-140-more-restaurants","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=121108","title":{"rendered":"Wendy&#8217;s closing 140 more restaurants"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p>Wendy\u2019s plans to close 140 U.S. restaurants before the end of this year on top of the 100 it said it would close in May.<\/p>\n<p>But in a conference call with investors Thursday, the company said those closures will be offset by new restaurant openings. Wendy\u2019s said it plans to open between 250 and 300 restaurants this year.<\/p>\n<p>Wendy\u2019s President and CEO Kirk Tanner said the restaurants that are closing are underperforming compared to others.<\/p>\n<p>\u201cThey\u2019re just in locations that don\u2019t build our brands,\u201d Tanner said. \u201cYou look at a brand that\u2019s 55 years old and some of those restaurants are quite out of date.\u201d<\/p>\n<p>Dublin, Ohio-based Wendy\u2019s didn\u2019t provide a list of the locations to be closed. But Tanner said they are spread out all over the country.<\/p>\n<p>\u201cOur focus is on building new restaurants because we know they deliver well over the average of these poor-performing restaurants,\u201d he said. \u201cWe, overall, want the best restaurants for the customers and that customer experience we want to deliver.\u201d<\/p>\n<p>Wendy\u2019s had 7,292 restaurants at the end of the third quarter. More than 80% of them are in the U.S.<\/p>\n<p>Wendy\u2019s shares rose 3.5% in midday trading Friday.<\/p>\n<p>U.S. restaurant sales have seen little growth this year as many consumers pushed back against <span class=\"LinkEnhancement\"><a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/article\/mcdonalds-meal-deal-fast-food-f8bff378ff06140cdb5a9e519c33184c\">rising menu prices<\/a><\/span>. Wendy\u2019s same-store sales \u2013 or sales at locations open at least a year \u2013 were up less than 1% in the U.S. in the first half of this year.<\/p>\n<p>Earlier in October, Denny\u2019s announced <span class=\"LinkEnhancement\"><a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/article\/dennys-closures-restaurants-68a38e40337f4650425c45069997b875\">it will close 150 locations<\/a><\/span> by the end of 2025. And Red Lobster <span class=\"LinkEnhancement\"><a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/article\/red-lobster-bankruptcy-a30cf6293208eefd0aaaf2bcb2782291\">filed for bankruptcy protection<\/a><\/span> in May after closing dozens of stores.<\/p>\n<\/p><\/div>\n<p><script>\n  window.fbAsyncInit = function() {\n      FB.init({\n              appId : '870613919693099',\n          xfbml : true,\n          version : 'v2.9'\n      });\n  };\n  (function(d, s, id){\n     var js, fjs = d.getElementsByTagName(s)[0];\n     if (d.getElementById(id)) {return;}\n     js = d.createElement(s); js.id = id;\n     js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n     fjs.parentNode.insertBefore(js, fjs);\n   }(document, 'script', 'facebook-jssdk'));\n<\/script><br \/>\n<br \/><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/apnews.com\/article\/wendys-close-stores-restaurants-69c3b496b3038f9f03bcbbae231a0e64\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wendy\u2019s plans to close 140 U.S. restaurants before the end of this year on top of the 100 it said it would close in May. But in a conference call &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=121108\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-121108","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/121108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=121108"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/121108\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=121108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=121108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=121108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}