{"id":121174,"date":"2024-11-02T10:29:24","date_gmt":"2024-11-02T03:29:24","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=121174"},"modified":"2024-11-02T10:29:24","modified_gmt":"2024-11-02T03:29:24","slug":"wendys-closing-140-more-restaurant-locations-before-end-of-the-year","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=121174","title":{"rendered":"Wendy&#8217;s closing 140 more restaurant locations before end of the year"},"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 data-testid=\"prism-article-body\">\n<p class=\"EkqkG IGXmU nlgHS yuUao MvWXB TjIXL aGjvy ebVHC\"><a class=\"zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE \" data-testid=\"prism-linkbase\" href=\"https:\/\/abc7.com\/tag\/wendys\/\">Wendy&#8217;s<\/a> 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 class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy\">But in a conference call with investors Thursday, the company said those closures will be offset by new restaurant openings. Wendy&#8217;s said it plans to open between 250 and 300 restaurants this year.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy\">Wendy&#8217;s President and CEO Kirk Tanner said the restaurants that are closing are underperforming compared to others.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy\">&#8220;They&#8217;re just in locations that don&#8217;t build our brands,&#8221; Tanner said. &#8220;You look at a brand that&#8217;s 55 years old and some of those restaurants are quite out of date.&#8221;<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy\">Dublin, Ohio-based Wendy&#8217;s didn&#8217;t provide a list of the locations to be closed. But Tanner said they are spread out all over the country.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy\">&#8220;Our focus is on building new restaurants because we know they deliver well over the average of these poor-performing restaurants,&#8221; he said. &#8220;We, overall, want the best restaurants for the customers and that customer experience we want to deliver.&#8221;<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy\">Wendy&#8217;s had 7,292 restaurants at the end of the third quarter. More than 80% of them are in the U.S.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy\">Wendy&#8217;s shares rose 3.5% in midday trading Friday.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy\">U.S. restaurant sales have seen little growth this year as many consumers pushed back against rising menu prices. Wendy&#8217;s same-store sales &#8211; or sales at locations open at least a year &#8211; were up less than 1% in the U.S. in the first half of this year.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy\">Earlier in October, Denny&#8217;s announced it will close 150 locations by the end of 2025. And Red Lobster filed for bankruptcy protection in May after closing dozens of stores.<\/p>\n<\/div>\n<p>Copyright \u00a9 2024 by The Associated Press. All Rights Reserved.<\/p>\n<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<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:\/\/abc7.com\/post\/wendys-closing-140-more-restaurant-locations-before-end-year\/15498172\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wendy&#8217;s 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=121174\" 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-121174","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/121174","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=121174"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/121174\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=121174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=121174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=121174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}