DUBLIN, Ohio — Wendy’s said Monday it’s relaunching breakfast across the U.S. next year, the latest fast-food chain to amp up its offerings as more consumers eat out in the morning.
The Dublin, Ohio-based company said it will spend $20 million this year and help franchisees hire 20,000 employees so restaurants can extend their hours and menus. Wendy’s lowered its 2019 earnings forecast and withdrew its 2020 financial guidance, saying it will provide updated goals next month.
The company’s shares dropped 11 percent to $19.48 in afternoon trading.
Wendy’s now serves breakfast at 300 U.S. restaurants. It has around 5,800 locations nationwide.
