Wendy’s will close between 200 and 350 restaurants across the United States as part of a major restructuring plan aimed at boosting profitability. Interim CEO Ken Cook said the closures, which represent a “mid single-digit percentage” of the company’s 6,000 U.S. locations, will target stores that are “consistently underperforming” and will begin later this year, continuing through 2026.
Cook told analysts the move will allow franchisees to reinvest in stronger-performing outlets, adding that shuttering weaker stores could improve nearby restaurant sales. Wendy’s closed 140 locations last year for similar reasons.
Q3 2025 $WEN ( @Wendys ) Earnings:
— CryptoHotep.eth 🛡️ (@CryptoHotep) November 7, 2025
- EPS: 0.24 v. 0.20 est. ✅
- Revenue: 549.50M v. 534.98M est. ✅
Double beat & a great Friday surprise here and positive earnings for the Biggie Bag provider. Wendy’s opened 54 new restaurants and international sales grew 8%+ in Q3.… pic.twitter.com/bdWKYrWLug
The burger chain’s latest quarterly results showed a 4.7% decline in U.S. same-store sales, while competitors like McDonald’s, Burger King, and Shake Shack posted gains.
Despite the downturn, Cook highlighted strong demand for Wendy’s new “Tendys” chicken tenders, saying early sellouts signal a potential turnaround in its chicken offerings.
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