Wendy's to close hundreds of US stores in bid to halt falling profit
Wendy's plans to close hundreds U.S. restaurants over the next few months in an effort to boost its profit and make its remaining stores more appealing.
The Dublin, Ohio-based chain said during a conference call with investors Friday that it planned to begin closing restaurants in the fourth quarter of this year. The company said it expected a "mid-single-digit percentage" of its U.S. stores to be affected, but it didn't give any more details.
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