Wendys to Close Hundreds of US Restaurants Amid Financial Struggles: The fast-food chain, facing declining revenue and profits due to lower-income consumers cutting back on spending, plans to shut down a mid-single-digit percentage of its US locations, potentially around three hundred stores, starting in the fourth quarter of this year. The closures follow the two hundred forty US Wendys locations shut down earlier in 2024. Wendys and other fast-food chains have been struggling to boost sales as rising food costs squeeze lower-income consumers, with Wendys reporting a four percent drop in US same-store sales in the first nine months of this year.

The Daily News Now! - Every city. Every story. Powered by AI.

Hosted on Acast. See acast.com/privacy for more information.