Welcome to our dedicated page for The Wendy's Company news (Ticker: WEN), a resource for investors and traders seeking the latest updates and insights on The Wendy's Company stock.
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.
Conagra Brands (NYSE: CAG) has announced a partnership with Wendy's to launch Wendy's famous chili in grocery stores nationwide. This collaboration aims to satisfy consumer cravings by offering a product that boasts 29g of protein per can, made with all-natural beef and a blend of peppers and beans. The chili will be available at retailers starting Spring 2023, priced at a suggested retail price of $4.99 per can. Both company representatives express excitement about bringing this beloved menu item from restaurants to homes. The partnership highlights Conagra's focus on innovation and expanding its product offerings, continuing to adapt to changing food preferences.
The Wendy's Company released its 2022 Corporate Responsibility Report, highlighting progress in its Good Done Right ESG strategy focused on Food, People, and Footprint. Key achievements include:
- Successfully transitioned its pork supply chain away from sow gestation stalls in the U.S. and Canada.
- Nearly doubled new franchise candidates through the Own Your Opportunity initiative, promoting diversity.
- Set goals to cut greenhouse gas emissions by 47% by 2030.
- Raised over $8.2 million for the Dave Thomas Foundation for Adoption.
The company aims for continued growth while enhancing sustainability practices and inclusivity within its franchisee program.
Wendy's has launched its 'Mercury Menu' deals to help fans navigate the challenges of Mercury in Retrograde. From April 21 to May 14, customers can enjoy weekly offers available via mobile ordering, featuring popular items.
Weekly promotions include:
- April 21-23: BOGO $1 Premium Sandwich
- April 24-30: Free Crispy Chicken Sandwich with purchase
- May 1-7: Free 6 Pc. Chicken Nuggets with purchase
- May 8-14: Free Any Size Hot & Crispy Fry with purchase
Wendy's commits to freshness and quality while providing comfort food options throughout this astrological phenomenon.
The Wendy's Company (Nasdaq: WEN) will announce its first quarter 2023 results before markets open on May 10, 2023. A conference call is scheduled for 8:30 a.m. ET on the same day, which will be accessible via the Company's Investor Relations website, www.irwendys.com. Domestic callers can dial (844) 200-6205, while international participants should call (929) 526-1599, using event ID 149252. Archived materials, including a webcast presentation, will also be available on the website.
This update underscores Wendy's commitment to transparency and investor engagement as it aims to strengthen its market position.
Wendy's and DoorDash announce a promotional event called Biggie Power Hours on March 30 and 31, 2023. Customers can receive up to
The Wendy's Company (Nasdaq: WEN) announced on March 23, 2023, that it has expanded its Board of Directors from 11 to 12 members with the election of Michelle Caruso-Cabrera. Caruso-Cabrera, who is the CEO of MCC Productions LLC and an Emmy-winning producer, brings over 20 years of experience in business and financial journalism, including contributions to CNBC. Wendy's Chairman Nelson Peltz expressed enthusiasm for her insights as the company seeks to grow globally. Caruso-Cabrera also serves on the Ballet Hispánico Board and advises the IE Business School in Madrid, emphasizing her broad expertise in communications and international business.
Wendy's has reintroduced its popular $3 Breakfast Deal, featuring a choice of Bacon or Sausage, Egg & Swiss Croissant along with seasoned potatoes. This deal is available at participating locations from March 27 to June 4, during breakfast hours. The offering aims to attract breakfast lovers by providing fresh ingredients at an affordable price. Customers can order through the Wendy's mobile app, online, or in-store.
FAQ
What is the current stock price of The Wendy's Company (WEN)?
What is the market cap of The Wendy's Company (WEN)?
What is The Wendy’s Company known for?
How many restaurants does Wendy’s operate worldwide?
What are Wendy’s recent financial achievements?
What are Wendy’s recent product launches?
How does Wendy’s generate revenue?
What is Wendy’s commitment to social responsibility?
What are Wendy’s plans for future growth?
What recent partnerships has Wendy’s formed?
How does Wendy’s maintain its quality standards?
Where can I find more information about Wendy’s?
