00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Meritage Hospitality Group, one of the largest Wendy's franchisees in the U.S.,
00:06filed for Chapter 11 bankruptcy protection after Wendy's sought to terminate its franchise rights
00:10and lease occupancy, according to Fox Business. The Michigan-based company operates 314 Wendy's
00:16restaurants across 15 states and reported a $31.5 million net loss in 2025 as revenue fell
00:237.6% to $617.7 million. Meritage has struggled with higher beef costs, weak customer traffic,
00:31and promotional discounting. The franchisee began closing about 60 underperforming restaurants in
00:36late 2025 and changed breakfast service at numerous locations. Meritage reported about $725.9 million
00:43in assets and $651.2 million in liabilities and plans to keep restaurants operating during the
00:50restructuring. For all things money, visit benzinga.com.
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