Ohio-based fast-food chain Wendy's will close more than 100 “underperforming” restaurants by the end of 2024, officials announced on a conference call Thursday.

The announcement comes as popular fast food chains such as Wendy's, McDonald's and Burger King are working to win back customers through value meal deals and discounts.

The closures were based on a “robust review” of individual restaurants, said Kirk Tanner, president and chief executive officer of Wendy's. Tanner continued that the restaurant closures are outdated and in “underperforming areas.”

Tanner said the closures, which amount to about 140 restaurants, have been accelerated.

“These are closures that would have occurred in '25, '26 and '27,” officials said during the call, adding that the same number of stores are expected to open by year's end.

Wendy's initially did not provide any information about the locations of the stores expected to close.

The chain also announced new menu offerings on the call, including a new Salted Caramel Frosty and the “return of the customer-favorite Mushroom Bacon Cheeseburger.”

Earlier this year, Wendy's introduced Krabby Patteis to the menu as part of a collaboration with SpongeBob SquarePants.