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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 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.
The Wendy's Company (Nasdaq: WEN) is set to release its second quarter 2022 results on August 10, 2022, before market opens. A conference call will take place at 8:30 a.m. ET that day, accessible via telephone at (844) 200-6205 for domestic calls and (929) 526-1599 for international calls, using event ID 180755. Updated information about the call can be found on the Company's Investor Relations website, where presentation materials will also be available.
Wendy's celebrates summer with a new promotion offering a FREE Medium Fry with any size Frosty mobile order through the Wendy's app for the remainder of July. This deal coincides with the launch of the limited-time Strawberry Frosty, enhancing customer engagement during hot weather. Additionally, on July 21, Wendy's Rewards members can earn 2x Bonus Rewards points on combo purchases as part of the rewards anniversary celebration. The company continues to emphasize quality with its signature hot & crispy fries, reinforcing Wendy's brand positioning in the fast-food industry.
The Wendy's Company (Nasdaq: WEN) will announce its second quarter 2022 results on August 10, 2022, before market opening. A conference call will follow at 8:30 a.m. ET, accessible via phone and a webcast on the Investor Relations website. Presentation materials will also be available online. Domestic callers can dial (844) 200-6205, while international callers can reach (929) 526-1599. An archived version of the call and related materials will be accessible later.
Wendy's is transforming National French Fry Day, July 13, into a week-long celebration called Fry Week, offering daily deals from July 11 to July 15. Customers can enjoy FREE fries with various mobile orders through the Wendy's app. The week features different promotions for each day, such as a FREE Medium Fry with a Frosty purchase on July 11 and a FREE Any Size Fry with any mobile order on July 13. Wendy's also celebrates its Rewards program anniversary on July 21, offering double points on combo purchases during this period.
Tiger Pistol has partnered with Wendy's to enhance its local advertising strategy across approximately 7,000 restaurant locations. The collaboration aims to unlock social advertising's potential at scale, increasing customer visitation. Wendy's will utilize Tiger Pistol's platform for streamlined brand-approved campaigns, empowering local teams with rapid approval processes. This partnership positions Tiger Pistol as a key player in transforming Wendy's advertising, leveraging advanced technology, and integrated local data management to optimize marketing efforts.
The Wendy's Company (NASDAQ: WEN) reaffirmed its 2022 outlook, projecting global systemwide sales growth between 6-8%. The company reported strong progress in its growth pillars, including expanding breakfast offerings and accelerating digital sales, which now account for over 10% of total sales. Key metrics for 2022 include adjusted EBITDA between $490-$505 million and free cash flow of $215-$225 million. However, the company has postponed its virtual Investor Day originally scheduled for June 9, 2022.
The Wendy's Company (Nasdaq: WEN) addressed the Schedule 13D/A filing by Trian Fund Management on May 24, 2022. The Board of Directors is committed to reviewing proposals from Trian Partners, ensuring the best interests of stockholders. The recent first quarter results indicate progress in strategic growth, enhancing brand strength and driving sales increases. Wendy’s aims to become the world’s most beloved restaurant brand while emphasizing compliance with forward-looking statement regulations.
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