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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) 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.
The Wendy's Company partners with Adult Swim's Rick and Morty to launch limited-edition drinks and combo meals in celebration of the show's sixth season. Available exclusively via Uber Eats from September 7 to September 11, 2022, the offerings include two unique Coca-Cola® Freestyle® flavors: Portal Time Lemon Lime and Froopyland Froopunch. Customers can enter a contest to win exclusive merchandise by ordering from the 'Morty's' menu on Uber Eats. This collaboration follows last year's successful partnership, enhancing Wendy's brand engagement through popular culture.
The Wendy's Company announced a new global restaurant design standard called Global Next Gen, aimed at enhancing customer, crew, and digital experiences. Starting Fall 2022, the modern restaurant builds will focus on convenience and speed through features like a Delivery Pick-Up Window and Dedicated Mobile Order Pickup. The first Global Next Gen restaurant is set to open in New Albany, Ohio, in Spring 2023. CEO Todd Penegor emphasized the initiative's role in expanding Wendy's footprint globally and improving operational efficiency for franchisees.
The Wendy's Company (Nasdaq: WEN) reported its second quarter results for 2022, highlighting a 9% increase in total revenues to $537.8 million, largely driven by higher sales at Company-operated restaurants and franchise royalties. However, net income fell 26.7% to $48.2 million, affected by increased costs and higher interest expense. The Company's restaurant margin decreased to 14.5%. Notably, the company declared a quarterly dividend of 12.5 cents per share, payable on September 15, 2022. The report reflects continued challenges amid economic conditions but positive long-term growth potential.
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