Wendy’s to Close About 300 Stores Nationwide by 2025
Wendy's stock has plummeted nearly 50% this year due to declining same-store sales, leadership changes, and outdated restaurant infrastructure. The company is implementing a strategic turnaround plan focused on marketing, franchisee support, and technological upgrades, but faces stiff competition from McDonald's and Burger King, which have successfully modernized and increased promotions. Industry experts suggest Wendy's deeper issues stem from long-standing restaurant modernization challenges, and the effectiveness of its new initiatives remains to be seen.