Wendy's franchisee bankruptcies (2008-2009)
Dozens of Wendy's franchisees filed for bankruptcy during the financial crisis as consumer spending tightened and beef prices spiked.
Wendy's repurchased many locations and tightened franchisee credit standards.
The period forced Wendy's to restructure its franchise system and improve support for franchisees.
Today's sales decline and cost inflation echo that earlier crisis, and the franchisee response may again force changes at the corporate level.
