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Story summary
- The Wendy's Company plans to close about 300 underperforming U.S. locations within a year.
- Interim Chief Executive Officer Ken Cook announced the closures on a quarterly earnings call.
- The closures represent a small fraction of Wendy's 6,000 locations.
- Wendy's reported a 3% decline in U.S. sales for the third quarter of 2025.
- The closures will let franchisees reinvest in remaining restaurants and improve brand performance.
