- Wendy's plans to close about 300 stores nationwide beginning in late 2025
- The closures represent a mid single-digit percentage of the chain's 6,000 U.S. locations
- Interim CEO Ken Cook announced the plan during a November 7 investor call
- The decision follows the earlier closure of 140 Wendy's locations in the previous year
- Closures will target underperforming restaurants that hurt franchisee profitability
- Some locations may be improved or transferred to new operators instead of closing
- The exact list of stores affected has not yet been released
- Closures are set to begin in the fourth quarter of the year
- Wendy's reported a 4.7 percent drop in same-store sales and a 2.6 percent global sales decline in Q3
- The company aims to strengthen brand performance and financial health through these actions
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