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Stock impact report

65-year-old burger chain's franchisee closes dozens of locations [Yahoo! Finance]

Wendy's Company (The) (WEN) 
Last wendy's company (the) earnings: 2/26 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Economic issues such as low profit margins, decreased sales, and high operating costs are driving restaurant chains to close underperforming locations to improve their financial health. Wendy's in November revealed that it will close about 300 underperforming locations by the end of this year. Another major burger chain, Hardee's, is facing dozens of restaurant closures as a result of litigation that is forcing franchisees to close locations. In one case, Hardee's parent CKE Restaurants Holdings is a plaintiff, and in another, it's a defendant. CKE Restaurants operates over 3,800 Hardee's and Carl's Jr. restaurants across 44 states and 43 countries. New York-based Hardee's franchisee Paradigm Investment Group is battling franchisor CKE Restaurants Holdings over the parent's demands that the franchisee's restaurants stay open past 2 p.m., pay digital fees, and adhere to loyalty program mandates. CKE Restaurants requires Paradigm to operate from 6 a.m. to 10 p.m., but the fra Show less Read more
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