Wendy's closing up to 6% of US locations in first half of 2026 [USA TODAY]
Wendy's Company (The) (WEN)
Last wendy's company (the) earnings: 2/26 07:00 am
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Source: USA TODAY
Interim CEO Ken Cook first told investors in a Nov. 7 quarterly earnings call that the company would be closing a "mid single-digit percentage" of its nearly 6,000 locations nationwide. On a Feb. 13 earnings call, Cook said the company had already closed 28 restaurants in the last quarter of 2025 as part of a planned 5% to 6% reduction. With around 5,969 locations operating nationwide at the end of the year, this would amount to roughly 300 to 360 store closures total. A list of exact locations slated for closure has not been announced. USA TODAY did not immediately receive a response from Wendy's. Why is Wendy's closing restaurants? Wendy's first announced closures in November , with Cook saying at the time that some restaurants "are a drag from a franchisee financial performance perspective." "The goal is to address and fix those restaurants," he said. In some cases, that would mean making improvements to technology or equipment or transferring struggling locations to
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WEN
News
- The Wendy's Company Comments on Amended 13D Filing from Trian Partners [Yahoo! Finance]Yahoo! Finance
- The Wendy's Company Comments on Amended 13D Filing from Trian PartnersPR Newswire
- Wendy's (NASDAQ:WEN) had its price target lowered by analysts at Royal Bank Of Canada from $8.50 to $8.00. They now have a "sector perform" rating on the stock.MarketBeat
- Wendy's (NASDAQ:WEN) was given a new $8.00 price target on by analysts at Deutsche Bank Aktiengesellschaft.MarketBeat
- Wendy's (NASDAQ:WEN) was given a new $7.00 price target on by analysts at The Goldman Sachs Group, Inc..MarketBeat
WEN
Earnings
- 2/13/26 - Beat
WEN
Sec Filings
- 2/18/26 - Form 8-K
- 2/18/26 - Form SCHEDULE
- 2/13/26 - Form SCHEDULE
- WEN's page on the SEC website