Ohio-based Wendy’s is planning to close hundreds more stores just a year after shuttering 140 locations.
Interim CEO Ken Cook told investors in a Friday, Nov. 7, quarterly earnings call that the fast-food company would be closing a “mid single-digit percentage” of locations. With around 6,000 locations still operating nationwide, this would amount to roughly 240 to 360 stores. One investor estimated the number at about 300 locations during the call.
“When we look at the system today, we have some restaurants that do not elevate the brand and are a drag from a franchisee financial performance perspective,” said Cook. “The goal is to address and fix those restaurants.”
In some cases, that will mean making improvements to technology or equipment or transferring struggling locations to new operators. In others, he said, it will mean closing the restaurants altogether.
How many Wendy’s fast-food restaurants in Ohio, U.S. will be closed?
The closures are expected to begin in the fourth quarter of this year, Cook said. A list of exact locations slated for closure has not been announced.
How many Wendy’s are in Ohio?
Wendy’s has 398 locations in Ohio, according its website. That includes five in Akron, seven in Canton, 23 in Cincinnati and 33 in Columbus.
