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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 announced the launch of three new menu items on March 28: Blueberry Pomegranate Lemonade, Grilled Chicken Ranch Wrap, and Grilled Chicken Cobb Salad. The lemonade offers a fruity twist on the classic, while the grilled chicken wrap features diced chicken, cheddar cheese, lettuce, and ranch sauce, providing a flavorful option for on-the-go customers. The Cobb salad includes smoked bacon, tomatoes, grilled chicken, and crispy onions, aimed at refreshing the salad lineup. Wendy's emphasizes its commitment to flavor innovation and customer satisfaction, leveraging its Wendy's Rewards program to enhance customer engagement.
The Wendy's Company announced its participation in NCAA March Madness with exclusive promotional deals available through its app. The highlight is the $1 Dave's Single offer, valid until April 5, 2023, that can be redeemed weekly. Other promotions include free nuggets with a $10 purchase, discounts on breakfast combos, and deals for kids. Wendy's emphasizes the quality of its fresh, never frozen beef, aiming to strengthen customer engagement during the tournament season. The campaign is endorsed by former NBA star Reggie Miller, continuing a tradition of innovative marketing during March Madness.
The Wendy's Company (Nasdaq: WEN) reported strong results for Q4 and full year 2022, driven by robust breakfast sales and a record digital business. Notable achievements include a 7.2% increase in U.S. systemwide sales and 16.8% growth internationally. Total revenues rose to $2.1 billion, a 10.5% increase from 2021, while adjusted earnings per share improved by 37.5% to $0.22. The company announced a 100% increase in its quarterly dividend to $0.25. However, net income decreased by 20.8% due to higher tax rates and increased interest expenses. Wendy's plans to enhance organizational efficiency with a redesign and aims for accelerated growth through strategic initiatives.
Wendy's is celebrating a 'Grown-Up Snow Day' on February 16, 2023, by offering a $2 discount on the 6 PC Homestyle French Toast Sticks Breakfast Combo for mobile orders through its app. This promotion aims to evoke a sense of nostalgia, allowing adults to indulge in a childhood favorite. The French Toast Sticks are described as soft and custardy inside with a golden-brown crust. The offer is exclusive to participating U.S. locations and requires mobile app registration to redeem. This initiative is part of Wendy's commitment to provide enjoyable dining experiences.
Roku and DoorDash have announced a multi-year partnership to enhance the TV experience for users by integrating interactive TV ads. Roku users can enjoy a complimentary six-month DashPass, providing $0 delivery fees on eligible orders. DoorDash will also serve as the exclusive ad solution partner for Roku's U.S. restaurants, enabling interactive click-to-order ads. Research indicates that 1 in 3 Roku users order food delivery weekly, and 36% are interested in interactive offers. Wendy’s is joining the initiative with exclusive promotions, such as $5 off purchases over $15. This collaboration aims to streamline food ordering directly from TVs.
Wendy's has launched a limited-time promotion offering two menu items for just
The Wendy's Company (Nasdaq: WEN) has announced a 100% increase in its quarterly cash dividend to 25 cents per share, effective March 15, 2023. The announcement follows strong preliminary results for Q4 and fiscal year 2022, with global same-restaurant sales growth reaching double digits for the second consecutive year. The Company also approved a new $500 million share repurchase authorization, replacing the previous $250 million plan. Total revenues for Q4 rose by 13.4% to $536.5 million, and systemwide sales increased 8.4% globally. The planned organizational redesign aims to enhance growth strategy execution.
The Wendy's Company (NASDAQ: WEN) will announce its preliminary, unaudited fourth quarter and full year 2022 results on January 13, before market opening. A conference call is scheduled for the same day at 8:30 a.m. ET, with a webinar available on the Investor Relations website. Investors can access the call by phone at (844) 200-6205 domestically or (929) 526-1599 internationally. Presentation materials will also be accessible online.
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