Fast food workers are struggling to pay for the food they serve, according to a new report.
Fast food giant Wendy’s has closed its US stores next year as part of a broader effort to revive its domestic business, which has come under pressure from the sale of SOUMELING.
Intero CEO KEN The average percentage and middle digits are about 4% to 6%, which means that the minimum number of closures will be 241 stores.
Fox Business has reached out to Wendy’s for comment.
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This comes as Wendy’s executives say their business and sales are “remaining under pressure” and that they are “acting urgently” to restore sales at its US stores to growth.
In its most recent fiscal quarter, global sales were down 2.6% and sales in US territories fell 4.7%. The company blamed the drop in US sales mainly on fewer customer visits, although this was partially offset by higher spending per order.
CEO of Intero KEN (Al Dragon/Bloomberg via Getty Images/Getty Images)
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However, the company said in its earnings call that it is making “meaningful progress on key actions to improve the customer experience” and that it is seeing this pay off in its US restaurants. Earlier this year, the company said it was working to simplify its programming and execution.
Instead of adding more stores, the company is trying to focus on increasing sales in each US location. To do this, the Wendy’s project launched a new, large-scale program designed to improve performance, promote its profitability and ensure performance.
Wendy’s executives say their business and sales “remain under pressure.” (Justin Sullivan/Getty Images)
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Wendy’s story is no different. In fact, the entire fast-service restaurant sector has found itself under pressure as its core customers feel motivated by the high cost of living, reducing their income. This has forced many of the advertising giants to increase in an attempt to drive more traffic.
Instead of adding more stores, the company is trying to focus on increasing sales in each US location. (Daniel Acker/Bloomberg)
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Will auchincloss, who works as the leader of the financial sector of Ey-parthenon of Ey-parthenon, told Fox Business that consumer research points to the fact that Americans are beginning to adjust the cost of exiting the important costs of important goods and housing. The cash-strapped restaurant, of all the cash-strapped places, is the first to take a hit, he said.
| It’s teasing | Security | – Last | Answer | Change % |
|---|---|---|---|---|
| -Likh | Wendy’s CO. | 8.54 | -0.43 |
-4.79% |
“With about 40% of low income families of course the pull back, the latest QSR [quick-service restaurant] Price cuts can be a signal to the wider exchange industry, “he said, he is facing that” Brands are facing increasing pressure from consumers who see themselves in value, and if this trend is accelerated, we saw a reorientation of the price strategies in the sector. “
