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Wendy’s is set to close hundreds of restaurants as customers struggling financially cut back on dining out.

Interim CEO Ken Cook announced on an earnings call Friday that the fast food chain will close a “mid single-digit percentage” of locations. With about 6,000 restaurants, Wendy’s could shutter between 200 to 350 locations.

Cook said some restaurants are expected to close as early as later this year, and locations will continue to shutter in 2026.

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[-] RandomStickman@fedia.io 54 points 9 months ago

CEO Ken Cook

Clearly he Kennot

[-] Iamsqueegee@sh.itjust.works 13 points 9 months ago
[-] AlreadyDefederated@midwest.social 13 points 9 months ago

He's not Kennough.

[-] SendMePhotos@lemmy.world 9 points 9 months ago

What's his pay? Can he take a pay cut and save the stores?

[-] ivanafterall@lemmy.world 6 points 9 months ago

They're surely hammering out the details as we speak. No leader will just throw their people under the bus.

[-] ivanafterall@lemmy.world 3 points 9 months ago
[-] RickyRigatoni@retrolemmy.com 46 points 9 months ago

Do you think capitalism would be more successful if the people running it weren't too stupid to understand that consumers need money to buy things.

[-] Grimy@lemmy.world 19 points 9 months ago* (last edited 9 months ago)

Well they are mostly rewarded for threading the line. And if they go to much one way then everyone ends up poor, they shutter a few restaurants and get to invest in cheap properties for the next few years while waiting for tax payers to bail out the economy.

They aren't stupid, up and downs are part of why it works so well for them.

[-] krashmo@lemmy.world 4 points 9 months ago
[-] DioramaOfShit@lemmy.world 34 points 9 months ago

I wonder if it has anything to do with the 13$ cheeseburgers

[-] zipzoopaboop@lemmynsfw.com 1 points 9 months ago

They're cheaper than other fast food in my experience

[-] switcheroo@lemmy.world 24 points 9 months ago

Have they SEEN the prices in their restaurants??? Who the fuck wants to pay eight to nine dollars for a salad (especially when that salad is now much smaller than it was six months ago... I fucking saw that Wendy's and will not be ordering again).

[-] SoftestSapphic@lemmy.world 21 points 9 months ago

Capitalism is a failed experiment

[-] sj_zero@lotide.fbxl.net 3 points 9 months ago

Normally I'd even go a step further and challenge the idea that capitalism even exists in the postmodern world, but honestly stores shutting down because they aren't making enough money to continue operating is capitalism working as intended, not the opposite. And for once, that's a good thing.

Most forms of economic system, particularly central economic planning, would tend to choose stores based on metric other than whether they were actually cashflow positive, resulting in higher resource utilization, lower efficiency, and so worse outcomes overall.

Because Wendy's won't be using that building any longer, a different restaurant could take its place, and see if it can build a profitable business in its place. In my city, a local business took over such a building, and they make the best burgers on locally made buns in the city.

[-] stolenfat@lemmy.zip 3 points 9 months ago

A new business could take it's place if landlords would lower the cost of the rent after it sits empty for a while. I hear they often do not as lowering the rent lowers the building value.

[-] SoftestSapphic@lemmy.world 0 points 9 months ago

I'm sure the people who worked at all those places for their living don't mind.

You are dismissing human suffering to simp for the system causing the suffering

[-] sj_zero@lotide.fbxl.net 2 points 9 months ago

The system is called reality.

The problem we face is that there is unlimited desires, but limited resources. That problem was written into the laws of the universe when the big bang occurred and a finite amount of energy produced a finite amount of matter.

Before a single homonid existed on earth, there was a limited amount of material on earth, a limited amount of energy available, a limited amount of space. Before a single homonid existed on earth, animals required food, shelter, heat, cool, and clean water.

The Oxygen Catastrophe is an amazing extinction event where most life on earth was photosynthesizing CO2, and in spite of the early earth having about 20 atmospheres worth of CO2 the Earth effectively ran out and afterwards the atmosphere was composed of mostly nitrogen and oxygen. Amazing to think that there was a resource that abundant, that was effectively completely used up by life, before multi-cellular life even began in earnest.

That extinction event killed almost all life on Earth, and ushered in an ice age that killed even more. That's life, and it isn't fair. Much of the life that remained had to adapt. Much life adapted to utilize this new oxygen waste. You and I utilize that waste material. Some photosynthesizers still exist, adapted to high levels of oxygen and low levels of CO2. Today, we live in a world that cycles between O2 and CO2, that's the only way we can survive.

In about 250 million years, continental drift will form a new supercontinent, which will likely destroy most life on Earth. In about 750 million years, the luminosity of the dying sun will rise to the point that life on Earth will no longer be able to exist. A few billion years after that, the sun will run out of material, and will stop altogether. The solar system will slowly freeze for countless aeons. No life will survive that long. This is the end point of our reality.

Systems that pretend reality doesn't exist, that this isn't the end point of everything, they're doomed because magic isn't real and every decision is a trade-off between multiple competing and true things.

99.95% of life on Earth died in the oxygen catastrophe. 350 Wendy's stores might close, laying off all their employees. Unlike the life that died in the oxygen catastrophe, the employees of those 350 Wendy's can get new jobs, the real estate can be repurposed for new businesses that might not fail, and even capital equipment like ovens or deep fryers can be reused.

Central planners like to pretend they can prevent catastrophe, but all it does is change the terms of disaster. Instead of "Which locations objectively sell enough product to justify their existence", often it becomes a war of nepotism, favoritism, lobbyists, and political favors. You can ask the empires of the Bronze Age Collapse how that worked out for them, but you can't because of them, only the ancient Egyptians survived, every civilization of the middle east fell. Some fell and were erased from history altogether by people who wanted to forget the horrors of for example the Minoans. New civilizations rose eventually in the same regions, but new ones that did things differently. Eventually, even the Egyptians fell to the Greeks under Alexander.

Life requires suffering and limitation. Life requires constant adaption. Life requires successfully dealing with reality. Anyone who tells you differently, they're not telling you the truth, and any system that suggests you can avoid these truths will aways fail against systems that model reality more correctly.

The positive thing is that a system like capitalism when it's working correctly (I'm not saying it does always, I'm not a modernist who believes you can fit everything in the world in one box) means that the Wendy's employees don't die, they just have to find new jobs, and perhaps that building will be bought by a new company that does things differently, or sells something different, and is more likely to provide enough useful goods or services that it can support itself. If it does, then instead of the result being a net human suffering, it'll be a net human positive. Perhaps that neighborhood actually needed a local restaurant in that spot. Perhaps it actually needed a book store. People who have an idea can take a risk and give it a shot, and maybe it survives and thrives, maybe it fails too and the cycle starts again.

[-] commie@lemmy.dbzer0.com 1 points 9 months ago* (last edited 9 months ago)

you're the only one talking about Central planning, and writing multipage nonsequiturs.

capitalism is a failed experiment.

[-] sj_zero@lotide.fbxl.net 1 points 9 months ago

With capitalism proper being a decentralized system, the alternatives are all forms of central planning, so it is reasonable to assume that central planning is what is being referred to when someone says capitalism is a failed experiment. Rejecting decentralized coordination leaves planning as the remaining category.

If you think anything I wrote is a non sequitur, that simply shows you are missing the conceptual scaffolding behind the argument. The purpose of any economic system is to allocate scarce resources among humans who have effectively unlimited desires. Scarcity is the starting condition. Allocation is the problem. Economic systems are different strategies for dealing with that problem.

That scarcity does not come from capitalism or from any human institution. It comes from physical existence itself. There is finite matter, finite energy, finite space, and finite time. Scarcity existed long before humans ever appeared, and it will exist long after. Showing that scarcity is universal rather than human-created is not a tangent. It directly addresses the foundation that all economic systems must operate on. No system gets to escape trade-offs, because the trade-offs are not created by the system. The system exists because of them.

The system we live under that forces people to live with limited means is reality. Capitalism is one method of dealing with those limited means. Central planning is another method. Both are attempts to solve the same basic coordination problem. One distributes decisions through prices. The other concentrates decisions in administrative structures. Neither one abolishes scarcity. They only differ in how they respond to it.

[-] commie@lemmy.dbzer0.com 1 points 9 months ago

Capitalism is one method of dealing with those limited means. Central planning is another method. Both are attempts to solve the same basic coordination problem. One distributes decisions through prices. The other concentrates decisions in administrative structures. Neither one abolishes scarcity. They only differ in how they respond to it.

but this is a false dichotomy. first, because capitalism requires government (centralization), and there are other options besides central planning.

[-] commie@lemmy.dbzer0.com 1 points 9 months ago* (last edited 9 months ago)

The purpose of any economic system is to allocate scarce resources among humans who have effectively unlimited desires.

citation needed

[-] commie@lemmy.dbzer0.com 1 points 9 months ago

Showing that scarcity is universal rather than human-created is not a tangent

it is since it has nothing to do with what we are discussing

[-] commie@lemmy.dbzer0.com 1 points 9 months ago

With capitalism proper being a decentralized system

you are making that up.

[-] commie@lemmy.dbzer0.com 1 points 9 months ago

the alternatives are all forms of central planning

this is a lie

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[-] DarrinBrunner@lemmy.world 16 points 9 months ago

I haven't been out to eat since the pandemic. I got used to cooking my own meals. The prices have gotten ridiculous for what you get, and the service sucks. They can all go out of business for all I care.

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[-] dalekcaan@feddit.nl 16 points 9 months ago

Maybe part of the problem is that eating at Wendy's is now apparently "dining out."

[-] BigMacHole@sopuli.xyz 11 points 9 months ago

This is the MOST Terrible news I've heard ALL YEAR! Have they tried Raising Prices and Lowering Wages in response? That USUALLY works!

[-] verdantbanana@lemmy.world 8 points 9 months ago* (last edited 9 months ago)

not to mention offers from local places that are not chains are close to if not cheaper than the fake foods at the fast-food places

and the sweet tea at the fast-food places sit in urns that are not well maintained and the ones that use the tubes to automate drink filling are not cleaned and the tubes are dirty as fuck

sweet tea is so much better at the local joints and usually cleaner and way fresher like the food

[-] aeronmelon@lemmy.world 17 points 9 months ago

Wendy’s used to be excellent. Then Dave Thomas died.

[-] Entertainmeonly@lemmy.blahaj.zone 4 points 9 months ago* (last edited 9 months ago)

It was so fast too. I remember the fries got smaller and then the frosties did too. Then the Big bacon classic became a thing of the past. Now if you are under 25 i don't think you even remember who Dave was.

[-] SnotFlickerman@lemmy.blahaj.zone 4 points 9 months ago

sweet tea is so much better at the local joints and usually cleaner and way fresher like the food

I can get fresh squeezed limeade at my local mexican corner store/tortilla shop and it's so fucking good.

[-] Nollij@sopuli.xyz 1 points 9 months ago

That's an oddly specific and focused take on food service. Not wrong, just not something that most people (around here) think about when considering fast food.

[-] Entertainmeonly@lemmy.blahaj.zone 2 points 9 months ago

Cleanliness of the drink fountains is a thought many people have.

[-] shalafi@lemmy.world 5 points 9 months ago

I'm not picky with fast food, but the local Wendy's is revolting. Only went in there for the chili sauce, now that's not enough to tempt me. The Burger King is even worse and the McDonald's get worse with each visit.

[-] buzz86us@lemmy.world 4 points 9 months ago

The burger I normally get has gone from $1.89 to $2.35.. AND the threshold for coupons is now $5..

So Wendy's has lost me as a customer. If I ate 2 JR Hamburgers and a large Fry I'd never get anything done

[-] HubertManne@piefed.social 3 points 9 months ago

Im definitely a part of this as when I did get fast food wendys was higher than some others like mcdonalds due to price/quality ratio.

Make the mushroom melt a regular item and I’ll eat there weekly

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this post was submitted on 10 Nov 2025
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Economics

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