Wendy's (WEN) nearly two years of struggles competing with the likes of behemoths McDonald's (MCD) and Yum! Brands' (YUM) Taco Bell, plus upstarts such as Shake Shack, are creating one big problem.
Franchisees are closing their locations and heading for the hills.
Buried inside Wendy's brutal second quarter earnings call last week was a mention that 289 locations closed in the US during the first half of the year.
There are about 5,700 Wendy's in the US.
It doesn't sound like US closures will be abating.
#bell
Franchisees are closing their locations and heading for the hills.
Buried inside Wendy's brutal second quarter earnings call last week was a mention that 289 locations closed in the US during the first half of the year.
There are about 5,700 Wendy's in the US.
It doesn't sound like US closures will be abating.
#bell
3 months ago
