Wendy's is closing 140 'outdated' restaurants by end of year

(NEXSTAR) — Wendy’s is closing roughly 140 underperforming locations by the end of 2024, the company announced during an earnings call on Thursday.

"This initiative makes us even stronger," said Wendy’s president and CEO Kirk Tanner, explaining that the closures are part of a broader plan to "strengthen our system."

Tanner said that many of the affected locations are outdated and in slower-growth areas, with average yearly sales of about $1 million, below Wendy’s typical performance.