🔴 The Wendy's is trading 5% down today after major franchisee Meritage Hospitality's Chapter 11 filing

The Wendy's is trading 5.32% down now at $6.62 after major franchisee Meritage Hospitality Group filed for Chapter 11 bankruptcy protection on September 17, 2026.

• Meritage operates 314 Wendy's locations—about 5% of the U.S. system—and previously closed 60 restaurants, citing weak performance.
• The filing raises concerns about franchisee health and broader brand sales, despite plans to keep restaurants operating during restructuring.