Wendy's is closing another 140 'outdated' stores as it looks to build out new higher-tech locations

Group 1 - Wendy's will close 140 "outdated" stores this year, ahead of the previously expected 100 closures, which will leave its growth count flat for 2024 [2][3] - The closures are part of a strategy to replace underperforming locations with new restaurants in better areas, aiming for improved sales and profitability [4] - The company has opened over 500 locations in the last two years, indicating a focus on expansion despite the closures [3] Group 2 - Wendy's is nearing completion of a redesign that includes new technology and drive-thru improvements, with nearly 90% of restaurants updated [5] - The redesign is expected to enhance employee efficiency, simplify delivery orders, and improve customer satisfaction, leading to higher sales and profitability [5] - The new design is reported to cost nearly 10% less to build and is more economical for franchisees to operate, featuring efficient lighting and redesigned kitchens [5]