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Stock impact report

One of America's biggest fast-food chains is closing hundreds of locations [Yahoo! Finance]

Shake Shack, Inc. Class A (SHAK) 
Last shake shack, inc. class a earnings: 2/24 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
During a quarterly earnings call, interim CEO Ken Cook told analysts the closures represent a “mid single-digit percentage” of the brand's roughly 6,000 U.S. restaurants. The move will primarily affect underperforming locations that have weighed down overall results. The shutdowns will begin this year and continue through 2026, though Wendy's did not disclose which specific restaurants will be impacted. “This action will strengthen the system and enable franchisees to invest more capital and resources in their remaining restaurants,” Cook said. “Closures of underperforming units are expected to boost sales and profitability at nearby locations.” The decision follows a similar move last year when the chain closed 140 restaurants deemed underperforming. Facing increased competition Wendy's has struggled to keep pace in a challenging fast-food landscape. U.S. same-store sales fell 4.7%, while competitors such as McDonald's, Burger King, and Shake Shack have reported stronger e Show less Read more
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