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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 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.
The Wendy's Company (Nasdaq: WEN) reported strong third-quarter results for the period ending October 2, 2022. Total revenues rose by 13.3% year-over-year to $532.6 million, driven by higher same-restaurant sales and the acquisition of 93 franchise restaurants. However, net income increased by only 22.8% to $50.5 million, impacted by rising interest expenses. The company declared a quarterly dividend of 12.5 cents per share, payable on December 15, 2022. Despite challenges like higher commodity and labor costs, Wendy's aims to continue its growth in global markets.
Wendy's is honoring Veterans Day on November 11, 2022, by offering a FREE breakfast combo to veterans and active military members with a valid ID. The offer is available at participating locations from 6:30 to 10:30 a.m.. Customers can enjoy options such as the Maple Bacon Chicken Croissant and the Breakfast Baconator.
This initiative reflects Wendy's commitment to military personnel, highlighted by its founder's own military background. For more details, visit Wendy's website.
Wendy's has launched a $3 Breakfast Deal, offering a Bacon or Sausage Egg & Swiss Croissant with a side of Seasoned Potatoes. Available from October 24 to November 20, this promotion is available at participating locations nationwide during breakfast hours. Customers can order via the Wendy's mobile app, online, or at the restaurant. This value-driven promotion aims to attract more breakfast customers with quality ingredients, aligning with Wendy's commitment to providing fresh food.
The Wendy's Company (Nasdaq: WEN) will announce its third quarter 2022 results on November 9, 2022, before market opening. A conference call is scheduled for 8:30 a.m. ET, with a simultaneous webcast available on the Company's Investor Relations website. Domestic callers can join by dialing (844) 200-6205, and international callers can reach (929) 526-1599 using event ID 019746. Archived materials from the call will also be accessible on the website.
Wendy's is reintroducing its popular Boo! Books for Halloween, priced at $1 for a set of five Jr. Frosty® coupons. Proceeds support the Dave Thomas Foundation for Adoption, aiming to find homes for children in foster care. Last year, the campaign raised $5.8 million, and Wendy's aims to surpass that this season. Boo! Books can be purchased at participating Wendy's locations until October 31, 2022, with coupons redeemable until December 31, 2022.
Wendy's has reintroduced the popular Pretzel Bacon Pub Cheeseburger to its menus nationwide, following strong fan demand. This burger features a unique pretzel bun, a quarter pound of fresh beef, Muenster cheese, Applewood smoked bacon, and special sauces. The release aims to satisfy customers' cravings while promoting Wendy's innovative Made to Crave lineup. The return follows a successful track record since its initial launch, highlighting Wendy's commitment to customer preferences. Orders can be placed via the Wendy's app, where customers can earn rewards.
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