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“They’re just in locations that don’t build our brands,” Tanner said, per the AP. “You look at a brand that’s 55 years old and some of those restaurants are quite out of date.

This week, Wendy’s executives announced in a company earnings call that it is closing 140 more of its underperforming restaurants to make way for new storefronts in higher-performing locations.

Wendy's President and CEO Kirk Tanner said the restaurants that are closing are underperforming compared to others. "They're just in locations that don't build our brands," Tanner said.

Wendy's is accelerating plans to shut down many of its lower performing restaurants globally while also adding a similar number of new locations, executives revealed at an earnings call Thursday.

"Year to date" sales for 2021, 2022, 2023, and 2024 sales are shown in series at the top of the table and then just below a comparison of 2024 versus 2023 and 2024 versus 2022 is displayed.

Wendy's announced on Thursday (Oct. 31) that it will be closing down 140 locations forever. Wendy's CEO Kirk Tanner explained on an earnings call that the financial performance of these locations ...