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.
I know! They dumped the grilled chicken, at least in Canada, which had the best macronutrient allocation of all fast food sandwiches. That probably doesn’t mean much to most but for me it was a perfect cheap post workout meal for years. RIP.