Wendy’s is set to close hundreds of restaurants as customers struggling financially cut back on dining out.
Interim CEO Ken Cook announced on an earnings call Friday that the fast food chain will close a “mid single-digit percentage” of locations. With about 6,000 restaurants, Wendy’s could shutter between 200 to 350 locations.
Cook said some restaurants are expected to close as early as later this year, and locations will continue to shutter in 2026.
Do you think capitalism would be more successful if the people running it weren’t too stupid to understand that consumers need money to buy things.
Well they are mostly rewarded for threading the line. And if they go to much one way then everyone ends up poor, they shutter a few restaurants and get to invest in cheap properties for the next few years while waiting for tax payers to bail out the economy.
They aren’t stupid, up and downs are part of why it works so well for them.
No