Wendy's Plans to Close Hundreds of Locations Nationwide
Wendy's announced it will close approximately 300 stores across the United States in the upcoming months. This follows an earlier plan to shut down 150 locations toward the end of 2024.
Impact on New Jersey Wendy's Locations
Wendy's is among the top ten fast-food chains in New Jersey, home to 145 locations, including many in South Jersey. It remains unclear if any local stores will be affected in this new wave of closures.
Official Statements from Interim CEO
"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," said Interim CEO Ken Cook during a quarterly earnings call on November 7. "The goal is to address and fix those restaurants."
Cook confirmed that the closures will begin later this year but did not specify which exact locations will close.
Additional Information
- Finance resource Investing.com reported that more than 350 locations will close nationwide.
- The closures are separate from the 150 stores previously announced for late 2024.
- Wendy's website offers a restaurant locator tool to find the nearest locations.
- The closures aim to improve overall brand and franchisee financial health.
About the Reporter
Williams is a Philadelphia-based journalist covering trending issues across the Mid-Atlantic region.
Summary: Wendy's plans to close over 300 stores nationwide, including the possibility of New Jersey locations, aiming to enhance brand performance and franchisee finances.