5 things wrong with Wendy’s right now, including 1 big one that’s threatening its entire turnaround effort

Wendy’s deals might be “biggie.” But it’s performance this year hasn’t been. On an earnings call that felt more like a public reckoning, executives for The Wendy’s Company shared that the Dublin, Ohio-based chain was “clearly not earning at [its] potential.” In the first half of the year, Wendy’s faced slowing sales, lower restaurant traffic, and a slew of store closures. The company announced it will cut its dividend in half—from 14 cents a share to 7—as it att...