Thread regarding Wendy's International Inc. layoffs

Thanks Ken Cook - 100s of stores closing, Corporate is the next target. Nobody's job is safe.

  • 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

by
| 101 views | | no replies yet | Reply
Post ID: @OP+1k9nnchky

There are no replies in this thread yet. Be the first to post a reply below:

Post a reply

: