Wendy's is closing 140 restaurants by the end of the year [Yahoo! Finance]
Dine Brands Global, Inc. (DIN)
Last dine brands global, inc. earnings: 4/29 08:00 am
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Source: Yahoo! Finance
health,” Wendy's president and CEO Kirk Tanner said while announcing the news on Oct. 31 during its third-quarter earnings call “Following this review, I have made the strategic decision to close additional restaurants this year that are outdated and located in underperforming trade areas. These restaurants have AUVs (average unit volumes) of approximately $1.1 million and operating margins well below the system average.” Tanner, however, expects the closures to be neutralized by opening more storefronts in different places. “We have designed this initiative to ensure that over time, many of these units will be replaced by new restaurants at better locations with significantly improved sales and profitability,” he said. “We anticipate that total closures in 2024, including additional closures in the fourth quarter will be offset by new restaurant openings this year, leaving our net unit growth approximately flat compared to the prior year.” Wendy's, which has continued to en
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News
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- Q3 Earnings Highlights: Dine Brands (NYSE:DIN) Vs The Rest Of The Sit-Down Dining Stocks [Yahoo! Finance]Yahoo! Finance
- Dine Brands Global, Inc. Announces Fourth Quarter 2024 Dividend [Yahoo! Finance]Yahoo! Finance
DIN
Earnings
- 11/6/24 - Beat
DIN
Sec Filings
- 11/22/24 - Form 8-K
- 11/15/24 - Form SCHEDULE
- 11/12/24 - Form SC
- DIN's page on the SEC website