AI-assisted summary
Wendy's plans to close hundreds of underperforming restaurants, a year after closing 140 locations.
The closures aim to remove stores that do not elevate the brand and are a drag on financial performance.
An investor estimated that around 300 locations are likely to be closed starting in late 2025.
In November 2024, Wendy’s was promoting a collaboration with “Spongebob,” selling “Krabby Patty” meals, when it announced that it planned to close 140 of its underperforming restaurants to make way for new storefronts in higher-performing locations.
“The company plans to replace these sites with more profitable locations with average unit volumes of $2 million and more,” Wendy’s spokesperson Heidi Schauer confirmed to USA TODAY in 2024. “Around 250 to 300 new Wendy

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