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Wendy's is planning to close an estimated 300 of its U.S. restaurants in the coming months as revenue and profits decline. The move was announced by Interim CEO Ken Cook during an investors call. "We do see more pressure on the lower-income consumer," Cook said last week, adding that he doesn't expect the financial strain to ease any time soon. Wendy's isn't the only fast food chain to see customers pull back during a period of inflation and rising food costs. Several other chains have had to sh
Wendy's is planning to close an estimated 300 of its U.S. restaurants in the coming
CBS News
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Fast-food chain Wendy’s plans to close hundreds of U.S. locations in the coming months to boost profits and improve remaining restaurants. Some stores will get upgrades, the company says, while others may change ownership or shut down entirely. Learn more: https://bit.ly/4oZpz2Z?utm_medium=social&utm_source=facebook_KWTV_-_NEWS_9 | KWTV - NEWS 9
Fast-food chain Wendy’s plans to close hundreds of U.S. locations in the coming months to boost profits and improve remaining restaurants. Some stores will get upgrades, the company says, while others may change ownership or shut down entirely. Learn more: https://bit.ly/4oZpz2Z?utm_medium=social&utm_source=facebook_KWTV_-_NEWS_9 | KWTV - NEWS 9
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