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

submitted 23 hours ago by MicroWave@lemmy.world to c/economics@lemmy.world

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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.

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[–] skip0110@lemmy.zip 6 points 9 hours ago (1 children)

I also used to get the chicken sandwiches (spicy, or asiago) pretty frequently. Like once or twice a month, but pretty consistently from like 2010-2019. The few times I've been since 2021, the price went up and the chicken cutlet (which used to be really thick, and real chicken breast, usually hot and juicy too) was thin, and full of mystery meat. And the price was higher. That sandwich used to fill me up, and now its just a few bites.

Well, I haven't been back. And I'm not going back, regardless of how many changes they make, because I discovered my local pizza shop has a nice chicken sandwich that's like $2 more but many times bigger and tastier.

[–] Ashenlux@lemmy.blahaj.zone 2 points 9 hours ago

A Culvers opened up near me, and that is where I have been getting my spicy chicken sandwich fix. It's so much better, and it just about the same price as Wendy's. I should try to find more local non-chain options though.