Wendy's Plans to Close Hundreds of Locations Nationwide
Wendy's recently announced it will close about 300 stores across the United States. This move follows a previous plan to shut down 150 locations by late 2024.
Details on the Closures
According to finance source Investing.com, more than 350 Wendy's stores will close nationwide in total. These closures were confirmed by interim CEO Ken Cook during a quarterly earnings call on November 7.
"When we look at the system today, we have some restaurants that do not elevate the brand and are a drag from a franchisee financial performance perspective. The goal is to address and fix those restaurants."
Cook also mentioned the company aims to retain some locations despite the closures, which will begin later this year. However, specific restaurant locations or targeted areas were not disclosed.
Impact on Wendy's Locations in New Jersey
Wendy's is among the ten most popular fast-food chains in New Jersey, with a total of 145 locations statewide, including many in South Jersey. It is currently uncertain if any New Jersey outlets will be affected by these closures.
For those looking to find a nearby Wendy's, the company's online restaurant locator tool remains available.
About the Reporter
Williams is a Philadelphia-based journalist covering trending stories across the Mid-Atlantic region.
Summary
Wendy's will close over 300 stores nationwide starting this year, with no specific locations revealed; New Jersey's 145 locations may be impacted but details remain unclear.