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

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.

    • RamRabbit@lemmy.world
      4·
      4 days ago

      Thing is, those are surprisingly easy to make at home. And with how expensive fast food has become, that is something I have been doing more and more.

      • HubertManne@piefed.socialEnglish
        7·
        4 days ago

        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.worldEnglish
          3·
          4 days ago

          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.socialEnglish
            4·
            3 days 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.