All articles tagged with #wendys
Wendy's plans to close approximately 300 U.S. stores due to declining revenue and profits, driven by economic pressures on lower-income consumers, with closures starting in Q4 2025. The company aims to improve profitability by removing underperforming locations and focusing on value offerings, amid ongoing struggles with sales and customer acquisition.
Wendy's plans to close hundreds of U.S. restaurants in the coming months to improve profitability and store appeal, following the closure of 240 locations in 2024, as part of efforts to address underperforming outlets and adapt to changing consumer preferences amid economic pressures.
Wendy's plans to close around 300 US stores in the coming months to improve profitability and store appeal, focusing on underperforming locations and making strategic improvements, amid ongoing challenges in attracting lower-income consumers and declining sales.
Wendy's plans to close 250-300 underperforming restaurants as part of a strategic revamp called 'Project Fresh,' amid declining U.S. sales and ongoing efforts to revitalize the brand and improve profitability.
Wendy's plans to close 300 stores in 2026 due to declining foot traffic and rising costs, as casual dining competitors like Chili's cut prices to attract budget-conscious consumers amid inflation and job losses, squeezing traditional fast food chains.
Wendy's plans to close approximately 200 to 350 underperforming U.S. restaurants between 2025 and 2026 to improve overall performance, amid declining sales and increased competition from rivals like McDonald's and Burger King.
Wendy's plans to close 240 to 360 underperforming restaurants in the US to focus on profitable locations and boost sales, especially in chicken products, amid overall sales decline and industry challenges.
Wendy's plans to close approximately 300 stores nationwide starting in late 2025, including some in Ohio, as part of a strategy to improve brand performance and address underperforming locations. The closures will begin in the fourth quarter of this year, but specific locations have not been announced.
Wendy's plans to close around 200 to 350 underperforming US restaurants as part of a strategic turnaround to improve sales and profitability, following a previous closure of 140 locations and recent declines in same-store sales, despite positive reception to its new chicken tenders.
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.
Wendy's has launched its new chicken tenders, called 'Wendy's Tendys,' featuring 100% white meat and a variety of six bold sauces, as part of its menu expansion to compete in the chicken tenders market, alongside other recent fast food chicken offerings. The chain also introduced new Kids' Meals and promotional coupons supporting the Dave Thomas Foundation for Adoption.
Wendy's has introduced new crispy Chicken Tenders nationwide, accompanied by six new bold dipping sauces, available in various serving options including kids' meals, with some locations rebranding as 'Tendy's' to celebrate the launch.
Wendy's has lowered its sales forecast for 2025 due to increased competition and economic uncertainty impacting consumer spending, especially among lower-income customers. Despite some recovery from new product offerings, overall demand remains sluggish, with Wendy's facing challenges in effectively communicating value compared to competitors like McDonald's, which has successfully expanded its value menu to attract budget-conscious consumers.
Wendy's stock rose nearly 2% despite lowering its 2025 sales and earnings guidance due to economic challenges, though its Q2 earnings exceeded estimates. The company's stock has declined significantly year-to-date and over the past year, with analysts maintaining a hold rating and a potential upside based on current price targets.
Kirk Tanner, former Wendy's CEO and ex-PepsiCo executive, has been appointed as the new CEO of Hershey, effective August 18, succeeding Michele Buck who is retiring. Wendy's has named CFO Ken Cook as interim CEO during the transition, while the company searches for a permanent replacement.