Nov. 8 (UPI) -- Wendy's is closing about 300 locations over the next year as the fast-food chain seeks to revitalize its business model and become more profitable.
Interim Chief Executive Officer Ken Cook announced the pending closings on Friday and said they represent a small fraction of the popular restaurant chain's 6,000 locations in the United States, CNN reported.
Cook told analysts that "consistently underperforming" locations will be closed so that they won't reflect poorly on the Wendy's brand.
"These actions will strengthen the system and enable franchisees to invest more capital and resources in their remaining restaurants," Cook explained.
"Closures of underperforming units are expected to boost sales and profitability at nearby locations."
