Wendy’s plans to close 140 U.S. restaurants before the end of this year on top of the 100 it said it would close in May.

But in a conference call with investors Thursday, the company said those closures will be offset by new restaurant openings. Wendy’s said it plans to open between 250 and 300 restaurants this year.

Wendy’s President and CEO Kirk Tanner said the restaurants that are closing are underperforming compared to others.

Wendy's had 7,292 restaurants at the end of the third quarter. More than 80 per cent of them are in the U.S.{ai:summary}<p>Wendy's will close 140 U.S. restaurants by year-end, adding to the 100 closures announced in May. </p><p>The company plans to open 250 to 300 new locations to offset these closures, focusing on underperforming restaurants. #economy</p>

Wendy’s closing 140 more restaurants as part of push to update its locations

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