Wendy's closes US restaurants and focuses on value to turn around falling sales
Key Points:
- Wendy’s reported a 10% decline in global same-store sales for Q4, worse than the expected 8.5% drop, with U.S. locations experiencing an even steeper decline.
- The company plans to close 298 to 358 underperforming U.S. restaurants in the first half of 2025, adding to the 240 closures in 2024, citing outdated locations as a key reason.
- To attract inflation-conscious customers, Wendy’s is shifting focus from limited-time promotions to everyday value, launching a permanent “Biggie Deals” value menu with multiple price tiers.
- Despite a 5.5% revenue decline to $543 million in Q4, Wendy’s remains optimistic about its U.S. turnaround