Don't be surprised if your local Wendy's soon turns off its grills for one final time. After nearly two years of struggles competing with the likes of behemoths McDonald's (MCD) and Yum! Brands' (YUM) Taco Bell, plus upstarts such as Shake Shack (SHAK), Wendy's may be on the cusp of creating a fresh wave of restaurant closures. "With one of its largest franchisees filing bankruptcy in September (although contested by WEN given prior termination of franchise agreement), we think investors likely expect closures to tick higher than expected, but we admit visibility on our side remains somewhat limited and there could still be a range of outcomes," veteran restaurant analyst Andy Barish warned in a note on Wednesday.
Mostramos la idea principal publicamente. Crea una cuenta gratis para seguir leyendo el articulo completo, guardarlo, comentarlo y conectarlo con contexto de mercados y OSINT.