Ohio-based Wendy's is planning to close hundreds more stores nationwide just a year after shuttering 140 locations .

Interim CEO Ken Cook told investors in a Friday, Nov. 7, quarterly earnings call that the Dublin-Ohio based fast-food company would be closing a “mid single-digit percentage” of locations. With about 6,000 locations operating nationwide, that means 240 to 360 stores could close. One investor estimated the number at about 300 locations during the call.

"When we look at the system today, we have some restaurants that do not elevate the brand and are a drag from a franchisee financial performance perspective," Cook said on the call. "The goal is to address and fix those restaurants."

In some cases, that will mean making improvements to technology or equipment or transfer

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