Wendy's Closing Hundreds of Restaurants: What We Know and Why I'm Not Surprised

hbarradar3 weeks agoFinancial Comprehensive34

Title: Wendy's Closures: "Project Fresh" or Just Another Fast-Food Apocalypse?

Alright, so Wendy's is closing hundreds of stores. Hundreds. Let's be real, does anyone actually believe this "Project Fresh" BS? It's the same old song and dance. "We're gonna use better ingredients!" "We're gonna focus on customer experience!" Yeah, yeah, yeah. Heard it all before. It's like putting lipstick on a pig...a square-pattied pig, at that.

The Numbers Don't Lie (But They Do Obfuscate)

The official line is that they're closing the underperforming stores, the ones that "don't elevate the brand." Translation: they ain't making enough money. Wendy's Is Closing Hundreds of Restaurants That Are a 'Dr...

They're framing it as a strategic move, a way to "boost sales and profitability at nearby locations." As if closing one Wendy's automatically sends all those burger-hungry customers flocking to the next one over. It doesn't work that way. People will just go to McDonald's. Or, god forbid, Burger King.

And let's not forget the job losses. "Shuttering up to 350 restaurants could lead to thousands of job losses," says one report. But hey, who cares about the little guy, right? As long as Wendy's shareholders are happy. It is what it is.

Dave Thomas, We Hardly Knew Ye

Oh, and get this: one article mentions Dave Thomas, the founder, was born in Atlantic City, New Jersey. Okay? What's that got to do with anything? Are we supposed to feel bad for Wendy's because their founder was from some random town? Give me a break.

Speaking of Dave Thomas... I always thought those commercials were kinda creepy. Like, why is the founder of a fast-food chain constantly on TV selling me burgers? It's weird, man. Just weird.

Wendy's Closing Hundreds of Restaurants: What We Know and Why I'm Not Surprised

Project Fresh: More Like Project Fail?

This "Project Fresh" sounds like another desperate attempt to stay relevant in a world of ever-increasing competition. They're talking about "the highest quality ingredients" and "new Barrel-Breaded Chicken Tenders."

Seriously? Barrel-breaded? Is that even a thing? It sounds like something a marketing team came up with after one too many whiskey sours.

And what about those "Tendys" that are supposedly so popular? Some stores ran out of them before the marketing campaign even began. That's either a sign of incredible demand or incredibly poor planning. I'm betting on the latter.

Maybe, just maybe, they should focus on, I don't know, paying their employees a decent wage? Or offering some actual healthy options? But nah, let's just keep churning out the same old greasy garbage with a new name.

U.S. same-store sales dropped 4.7 percent. Meanwhile, McDonald’s, Burger King and Shake Shack all reported gains. Ouch. That's gotta hurt.

Is Wendy's Even Trying Anymore?

So, What's the Real Story?

Wendy's is circling the drain. "Project Fresh" is a joke. And I'm hungry.

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