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The Wendy’s Company (Nasdaq: WEN) stands as the world's third largest quick-service hamburger chain, boasting a system of over 7,157 franchise and company-owned restaurants across 30 countries as of 2023. With annual systemwide sales reaching $12.3 billion, Wendy’s not only leads in innovation but also in customer loyalty, consistently outperforming competitors like Burger King.
Founded in 1969 by Dave Thomas in Columbus, Ohio, Wendy’s is renowned for its made-to-order square hamburgers, using fresh, never frozen beef*, freshly-prepared salads, and signature items like chili, baked potatoes, and the Frosty® dessert. The company has a strong focus on quality, encapsulated in its motto, “Quality is our Recipe®.”
Wendy’s revenue streams are diversified, coming from the sale of hamburgers, chicken sandwiches, salads, and fries across its company-owned footprint, and through franchise royalty and marketing fund payments. Franchisees, who account for 94% of the total stores, also contribute through advisory fees and franchise flipping.
Recent milestones include the opening of a new restaurant inside the University of Kansas Memorial Union, underscoring Wendy’s commitment to community and strategic partnerships. Financially, Wendy’s demonstrated strong performance in 2023, marking its 13th consecutive year of global same-restaurant sales growth. The company accelerated digital sales and expanded its U.S. Company-operated restaurant margin to pre-COVID levels, despite inflationary challenges.
Looking ahead, Wendy’s aims to further accelerate global growth, enhance restaurant margins significantly, and drive long-term shareholder value. Recent initiatives include investments to boost global expansion and digital sales, as well as new product launches like the Cinnabon® Pull-Apart and Saucy Nuggs, which are set to attract more customers.
Wendy’s is also deeply committed to social responsibility, prominently supporting the Dave Thomas Foundation for Adoption® and its Wendy’s Wonderful Kids® program. These efforts aim to find a loving, forever home for every child waiting to be adopted from the North American foster care system.
For more details on Wendy’s and its offerings, visit www.wendys.com.
*Fresh beef available in the contiguous U.S., Alaska, and Canada.
Wendy's introduces new Salted Caramel Frosty nationwide, celebrating the iconic dessert's 55th anniversary. The -time flavor debuts alongside two new fall menu items: the Mushroom Bacon Cheeseburger featuring roasted mushrooms, bacon, Muenster cheese, and garlic spread on fresh beef, and a revamped Taco Salad with new creamy zesty salsa dressing, fire-roasted corn, and tortilla strips. The Salted Caramel Frosty will temporarily replace the Vanilla Frosty, joining Chocolate on the menu at participating locations.
Wendy's (WEN) reported Q3 2024 results showing mixed performance. Global systemwide sales grew 1.8% to $3.636 billion, with same-restaurant sales increasing 0.2%. Total revenues rose 2.9% to $566.7 million. However, operating profit declined 6.8% to $94.7 million, and net income decreased 13.4% to $50.2 million. The company maintained its U.S. Company-operated restaurant margin at 15.6%. During Q3, Wendy's opened 64 new restaurants globally and continued its share repurchase program, buying back 1.5 million shares for $25.2 million. The company declared a quarterly dividend of $0.25 per share.
Wendy's franchisee Legacy Restaurant Group (LRG) has partnered with University of Kansas Men's Basketball Coach Bill Self for a Halloween fundraising initiative. Coach Self will match every $1 Boo! Books purchase up to $30,000 to benefit the Dave Thomas Foundation for Adoption. The promotion runs from October 23 through November 3, 2024, at participating Kansas City and Lawrence Wendy's locations. Each Boo! Book includes coupons for five free Jr. Frosty treats and a bonus $1.99 Kids' Meal coupon valid through December 31, 2024.
Wendy's is launching a -edition Boo! Bag meal for Halloween, available from October 21 while supplies last. The meal includes a Dave's Single, small Hot & Crispy Fry, small Frosty, glow-in-the-dark Bone Chiller Frosty figure, and a Boo! Books coupon book. Boo! Books, also sold separately for $1, contain coupons for five free Jr. Frosty treats and a bonus coupon for a $1.99 kids' meal with purchase.
The promotion supports foster care adoption through the Dave Thomas Foundation for Adoption. Wendy's is also offering a Frosty Frights kids' meal, making it a one-stop-shop for seasonal treats. Boo! Books are available until November 3, with coupons valid through December 31, 2024.
Wendy's and Rebel Foods celebrate the opening of their 160th restaurant in India, located in Bengaluru's BTM Layout. This milestone was achieved in just 36 months, with Rebel Foods as the master franchise holder for Wendy's in India. The new restaurant features Wendy's Global Next Gen design, including self-ordering kiosks and seating for over 50 customers.
The expansion includes plans for more dine-in restaurants across Delhi NCR, Bengaluru, and Hyderabad. Wendy's menu in India offers a mix of signature items and local favorites, including the recently launched Chimichurri Burgers. The company aims to add dozens more restaurants by December, expanding its presence in various Indian cities.
The Wendy's Company (Nasdaq: WEN) has announced it will release its third quarter 2024 results before the market opens on Thursday, October 31. The company will host a conference call at 8:30 a.m. ET on the same day, along with a simultaneous webcast from their Investor Relations website. Presentation materials will be available on the website as well. The live conference call can be accessed by telephone, with separate numbers provided for domestic and international callers. An archived webcast and presentation materials will be made available on the company's Investor Relations website after the event.
Wendy's is offering $1 any size soft drinks nationwide for a time, with no additional purchase necessary. This promotion provides fans with over 100 drink options to choose from, available all day, every day across the country. Customers can explore a variety of beverages, including classic favorites and unique combinations, using Coca-Cola Freestyle® dispensers at Wendy's locations.
The offer is available at Wendy's restaurants, in-app, or online at wendys.com. Wendy's aims to provide quality experiences at great prices, allowing customers to enjoy refreshing drinks at an affordable price point. The promotion aligns with Wendy's commitment to offering delicious food and beverages at prices customers can feel good about.
Wendy's and Paramount are partnering to celebrate the 25th anniversary of SpongeBob SquarePants with the launch of the Krabby Patty Kollab. This -time collaboration introduces two new menu items: the Krabby Patty Kollab Burger and the Pineapple Under the Sea Frosty.
The Krabby Patty Kollab Burger features a quarter pound of fresh beef, American cheese, lettuce, tomato, pickle, onion, and a secret Krabby Kollab sauce. The Pineapple Under the Sea Frosty is a vanilla Frosty with a Pineapple Mango flavored puree swirl.
Available nationwide in the U.S., Canada, and Guam starting October 8, 2024, these items can be purchased at Wendy's restaurants and through the Wendy's mobile app. An exclusive preview will be available in Los Angeles on October 7-8 through an immersive drive-thru experience in Panorama City.
Wendy's is offering $1 small Frosty treats nationwide through September 30, 2024, in response to frequent ice cream machine downtime at other fast food chains. Partnering with McBroken.com, Wendy's identified Chicago, Houston, Las Vegas, New York, and Los Angeles as areas with the most ice cream machine downtime.
The promotion highlights Wendy's reliability in serving Frosty treats, available in Classic Chocolate and -time Vanilla flavors. According to McBroken.com data, ice cream machines at other chains are often unavailable between 11 a.m. and 3 p.m. Wendy's encourages customers to use their app to locate nearby restaurants and take advantage of this sweet deal.
The Wendy's Company (Nasdaq: WEN) has announced two key executive appointments: John Min as Chief Legal Officer and Secretary, and Mary Greenlee as Senior Vice President, U.S. Operations. These appointments aim to drive accountability and accelerate growth. Min, with two decades of corporate legal experience, will oversee Wendy's global legal department and manage risk and compliance functions. Greenlee, bringing over 25 years of experience in the restaurant and beverage industries, will focus on supporting Wendy's strategic growth initiatives, including driving the restaurant economic model and expanding the U.S. footprint.
Both executives bring significant expertise to their roles. Min's background includes managing complex commercial transactions and global legal strategy, while Greenlee has a strong track record in franchise relationships and market expansion in the QSR industry. These appointments reflect Wendy's commitment to strengthening its leadership team to support continued growth and innovation.
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