Economics

1066 readers

140 users here now

founded 2 years ago

Wendy's closes US restaurants and focuses on value to turn around falling sales (apnews.com)

submitted 19 hours ago by MicroWave@lemmy.world to c/economics@lemmy.world

32 comments fedilink hide all child comments

Wendy’s is closing several hundred U.S. restaurants and increasing its focus on value after a weaker-than-expected fourth quarter.

The Dublin, Ohio-based company said Friday that its global same-store sales, or sales at locations open at least a year, fell 10% in the October-December period. That was worse than the 8.5% drop expected by analysts polled by FactSet.

U.S. same-store sales fell even further in the fourth quarter. Wendy’s said late last year that it planned to close underperforming U.S. restaurants, but it gave more details about those closures Friday.

you are viewing a single comment's thread
view the rest of the comments

[–] HubertManne@piefed.social 5 points 17 hours ago (1 children)

I don't get how any fast food chains are not closing locations. My wife and I stopped being able to afford to go when inflation first hit and honestly if we have the money and feel like it the price for real food at real restaurants is not very much more.

[–] Lag@piefed.world 3 points 17 hours ago (1 children)

It's hard to find real restaurants that don't buy their stuff frozen from the same source as a restaurant on the other side of the US.

[–] HubertManne@piefed.social 1 points 7 hours ago

not in a metro area. I mean we still have crappy restaurants like that but I would say they are in the minority. Heck most any gyro and taquería place uses fresh along with the non chain pizza places and asian and italian.