Wendy’s plans to close 200 to 350 underperforming U.S. locations by 2026 to boost profitability and support franchise operations. The closures represent a “mid single-digit percentage” of the chain’s 6,000 U.S. stores. The move aims to help franchisees redirect investments to improve sales and efficiency across other outlets. Despite a 4.7% decline in same-store sales last quarter, Wendy’s new “Tendys” chicken tenders have shown strong demand, selling out in some markets before formal advertising. The company faces tough competition from McDonald’s, Burger King, and Shake Shack, all posting growth with stronger promotions and pricing strategies. On Friday, WEN closed at $8.97, up 1.59%, with after-hours trading at $8.99, up 0.22% on the NasdaqGS.

Read more at Nasdaq: Wendy’s To Close Up To 350 U.S. Restaurants Amid Turnaround Strategy