DUBLIN, Ohio - Wendy's said it plans to close hundreds of U.S. restaurants by the end of this year.

What they're saying:

"In terms of system optimization, based on the information we have today, I'd estimate around a mid-single digit percentage of US restaurants would end up closing," Ken Cook, Wendy’s Interim Chief Executive Officer & Chief Financial Officer said on an earnings call last week.

RELATED: Denny’s to go private in $620 million acquisition deal

What's next:

Cook said that Wendy’s will collaborate closely with its franchisees in a structured, step-by-step way to decide how quickly to move forward, ensuring that every choice supports the company’s long-term success.

Cook further explained that Wendy’s is collaborating individually with franchisees to improve the busin

See Full Page