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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.
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.
The Wendy's Company is promoting a series of deals throughout January 2023, turning Friday the 13th into a special 'Fry-day' with free fries and other offers exclusively through its mobile app. Starting January 19, customers can receive various promotions including free nuggets and Jr. Bacon Cheeseburgers with specific fry purchases. Wendy's emphasizes the quality of its offerings and encourages participation via the app with account registration required for redemption. The offers are limited-time and available only at participating U.S. locations.
The Wendy's Company announced charitable donations to 16 organizations across the U.S. and Canada through its Community Giving Program. This initiative allows employees to nominate organizations for financial support ranging from $2,500 to $10,000. Since 2020, Wendy's has donated nearly $320,000 to over 75 organizations, reinforcing the company’s commitment to community support and the legacy of founder Dave Thomas.
Wendy's is reintroducing its Frosty Key Tag promotion for the 2023 season, available for just $2. This initiative offers fans a free Jr. Frosty with every purchase throughout the year, including the new Peppermint Frosty. Proceeds support the Dave Thomas Foundation for Adoption, dedicated to finding homes for children in foster care. The tags can be purchased in restaurants, via the Wendy's mobile app, or through the Foundation's website from now until January 29, 2023. This campaign aims to raise awareness and funds for adoption efforts in North America.
Wendy's introduces new Italian Mozzarella Chicken Sandwich, Italian Mozzarella Cheeseburger, and Garlic Fries, enhancing its Made to Crave lineup for winter 2022. These items feature flavors reminiscent of a homemade Italian dinner, including crispy chicken breast, fried mozzarella, marinara sauce, and garlic knot buns. The Garlic Fries, made with natural-cut fries, are coated in a garlic herb sauce. Wendy's aims to deliver unique culinary experiences and encourages ordering via their app for rewards. The innovative menu is part of Wendy's commitment to quality and customer satisfaction.
The Wendy's Company announced that seven restaurants in Central Florida are now sourcing renewable energy from Duke Energy Florida's Clean Energy Connection program. By early 2023, this will extend to ten restaurants, with a goal of 21 by the end of 2023 and approximately 35 by 2025. By then, Wendy's plans to source 6,363 kilowatts of clean energy. This partnership aims to reduce emissions and supports Wendy's corporate responsibility platform. The Clean Energy Connection program will support the operation of solar sites producing 749 megawatts of clean energy by 2024.
Wendy's introduces the Peppermint Frosty, a seasonal treat available from November 15 for a limited time. This new flavor adds to their classic offerings, strengthening their winter menu. Alongside the Frosty, Wendy's brings back Frosty Key Tags, which provide free Jr. Frosty treats throughout 2023 for a $2 purchase. Proceeds support the Dave Thomas Foundation for Adoption. The company highlights this innovation as part of its commitment to delivering craveable flavors and enhancing customer engagement through the Wendy's Rewards program.
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