Archive: https://archive.today/uPSXt
From the post:
>Wendy’s is closing up to 300 restaurants across the US as the burger chain scrambles to cut costs and win back customers who say its meals have simply become too expensive.
The Ohio-based company announced the closures on Friday as part of a turnaround plan to tackle plunging sales.
It warned Wall Street that revenue at its 6,000 US locations tumbled 4.7 percent over the past three months.
That's the equivalent of about 1.7 million fewer Junior Cheeseburgers sold than this time last year.
Like many of its rivals, Wendy’s — which also shut 140 locations last year — is now battling a new reality: Americans are cutting back on takeout as prices soar, paychecks shrink, and competitors slash prices.
Archive: https://archive.today/uPSXt
From the post:
>>Wendy’s is closing up to 300 restaurants across the US as the burger chain scrambles to cut costs and win back customers who say its meals have simply become too expensive.
The Ohio-based company announced the closures on Friday as part of a turnaround plan to tackle plunging sales.
It warned Wall Street that revenue at its 6,000 US locations tumbled 4.7 percent over the past three months.
That's the equivalent of about 1.7 million fewer Junior Cheeseburgers sold than this time last year.
Like many of its rivals, Wendy’s — which also shut 140 locations last year — is now battling a new reality: Americans are cutting back on takeout as prices soar, paychecks shrink, and competitors slash prices.
