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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.
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.
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.
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