Wendy’s is closing hundreds of restaurants

New York CNN Wendy s is set to close hundreds of locations across the United States as part of its turnaround plan Interim CEO Ken Cook communicated Friday that a mid single-digit percentage of Wendy s approximately US locations could close which would amount to around to restaurants Affected locations are those that are consistently underperforming and dragging down the chain s overall performance Cook stated analysts The closures will begin this year and continue through These actions will strengthen the system and enable franchisees to invest more capital and guidance in their remaining restaurants he declared Closures of underperforming units are expected to boost sales and profitability at nearby locations A specific list of locations wasn t broadcasted This string of closures comes a year after Wendy s released the shuttering of locations citing similar underperformance issues Wendy s could use a jolt after reporting another downbeat quarter US same-store sales declined while rivals McDonald s Burger King and Shake Shack all posted positive earnings as customers gravitated toward their deals and marketing efforts Despite the decline Cook revealed that it s seeing positive results from its newly issued chicken tenders called Tendys Demand was so strong that a few restaurants sold out even before advertising began We re looking forward to continuing that momentum and this is an encouraging first step as we look to reestablish our leadership position in chicken he mentioned