Wendy's Selling 640 Restaurants and Bakery

[daring dude]

Wendy's announced late Wednesday afternoon that they decided to sell 640 company-owned restaurants located throughout the United States and Canada, as well as their bakery in Zanesville, Ohio.

Wendy's CEO Emil Brolick said in a statement:

"Going forward, we intend to buy and sell restaurants opportunistically to act as a catalyst for growth by further strengthening our franchise base, driving new restaurant development and accelerating Image Activation adoption."

First quarter sales for the famous restaurant chain actually rose 3.2 % but earnings dropped 40 %. The sale of the restaurants is expected to generate about $475 million in cash.

5 News asked some of you if you were concerned about the announcement.

“I know recently they had partnered with CORE, our local OPO for organ donation and were helping sponsor some services there, so yes, it would be somewhat of a concern,” says Lost Creek resident Cindy Osborne.

"I think it would be good to see less of these fast food chains, more organic chains and, like I said, 'Where's the Beef?'," adds Eric Higginbotham of West Union.

Wendy's plans to sell 380 restaurants this year and another 260 in 2016.


WDTV.COM 5 News: Wendy's Selling 640 Restaurants and Bakery

 

[gambit]

Why the hell is this worthy of debate ? Are you that desperate to post bad news about US ? Is your mind that petty ?

 

[Viper0011.]

Why the hell is this worthy of debate ? Are you that desperate to post bad news about US ? Is your mind that petty ?

Look at the bright side......may be we'll get more Chinese investors to move to the US buying Wendy's and spending a million per family to live in the US and own a Wendys!!!

 

[xyxmt]

Why the hell is this worthy of debate ? Are you that desperate to post bad news about US ? Is your mind that petty ?

how is it a bad news for US, the way people live and eat is changing, McDonald is loosing money also and all fast foods chains that used to be an attractive investment are not anymore.

 

[Galad]

It is not just Wendy.Profits of McDonald(serving junk food) are down.Monsanto also having problems(serves them right with their GMO crap).Total 6 000 stores will be closed starting this year and in next couple of years cause you know...it is recovery.It takes just minutes to find in what recovery is USA...for those who are interested.

 

[24 Hours]

Wendy's has a bakery?

 

[Beast]

Why the hell is this worthy of debate ? Are you that desperate to post bad news about US ? Is your mind that petty ?

Why? You only want to hear good news of US and bad news are not allow? Where is the freedom of press?