Wendy’s plans to close hundreds U.S. restaurants over the next few months in an effort to boost its profit.

The Dublin, Ohio-based chain said during a conference call with investors Friday that it planned to begin closing restaurants in the fourth quarter of this year. The company said it expected a “mid-single-digit percentage” of its U.S. stores to be affected, but it didn't give any more details.

What You Need To Know

The Dublin, Ohio-based chain said it planned to begin closing restaurants in the fourth quarter of this year

Wendy’s ended the third quarter with 6,011 U.S. restaurants

Ken Cook, Wendy’s interim CEO, said the company believes closing locations that are underperforming will help improve traffic and profitability at remaining restaurants

Wendy's shares dropped 7% Frida

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