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Stock impact report

Major burger chain franchisee files Chapter 7 bankruptcy [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
Wendy's said it will close 5%-6% of its 5,831 U.S. restaurant locations listed on its website in 2026, or about 292 to 350 underperforming units, according to its Feb. 13 fourth-quarter earnings call “By closing consistently underperforming restaurants, we are enabling our franchisee partners to increase focus on locations with the greatest potential for profitable growth,” Wendy's CEO Ken Cook said in the earnings call. Farmer Boys franchisee files bankruptcy Farmer Boys burger chain franchisee, Geddo Corp. , which operates 12 California and Arizona restaurants, faced severe financial distress as it filed for Chapter 11 bankruptcy protection after merchant cash advance lender withdrawals from its accounts hindered its cash flow, preventing it from paying vendors. The Riverside, Calif.-based fast-casual chain filed its petition in the U.S. Bankruptcy Court for the Central District of California in Santa Ana on March 31. Hardee's franchisee ARC Burger LLC files for Chapter 7 Show less Read more
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