Wendy’s is closing hundreds of U.S. restaurants as domestic sales slide

Wendy’s is moving ahead with its plans to close hundreds of restaurants, amounting to between 5% and 6% of its total stores in the U.S., according to its fourth-quarter earnings report.

Published on February 13, the report shows that Wendy’s domestic business is lagging behind its international efforts. Total same-store sales fell 10.1% over the quarter, driven by low performance in the U.S., where same-store sales were down 11.3% (compared to 2% at international locations). Overall, global systemwide sales were $3.4 billion, a decrease of 8.3% from the previous quarter.