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Wendy’s will close hundreds of U.S. restaurants beginning this quarter, cutting roughly 5% of its 6,011 stores as the chain battles declining profits.

The closures target outdated, underperforming locations as fast-food chains struggle with inflation-weary consumers reluctant to spend, despite Wendy’s value meal offerings.

The latest cuts follow 240 closures last year, with same-store sales down 4% as Wendy’s refocuses marketing on value and ingredient freshness.

Wendy’s plans to close hundreds U.S. restaurants over the next few months in an effort to boost its profit and make its remaining stores more appealing.

The Dublin, Ohio-based chain said during a conference call with inv

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