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Wendy's intends to expand nationwide to better serve its loyal customers. Permits come as a complete surprise to the company. Permitlessness, to be precise.
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"We are still dealing with severe permitting delays in the United States, which have intensified and are putting pressure on our new restaurant opening timelines," Wendy's CEO stated.
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"In the short term, definitely [there is] a little bit of pressure on some of the permitting that may generate a little slippage into next year," CEO stated.
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"Look where we stand today," he replied, optimistically. We have strong pipelines for 2024 and 2025.
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CEO highlighted in the spring that there are "thousands of potential markets that sit untapped and without a Wendy's."
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The chain also has to deal with high mortgage rates and the issue of authorization. The corporation has pushed out its deadline and cut its location count by 900.
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The company intended to reach 7,600 to 7,800 locations by 2025, including 6,000 in the United States and 1,000 elsewhere.
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Why is it so difficult for Wendy's to obtain new site permits? According to reports, a lack of people to process permits is impeding the process.
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"Our results have never been higher across many markets in our Latin American region, and we plan to leverage this momentum to accelerate unit development over the coming years," stated CEO.
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We'll see who gets the new Wendy's first. Ireland, Spain, Australia, or the United States?
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