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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 has relaunched its Boo! Books, available for $1, which include five coupons for free Jr. Frosty treats and an app-exclusive offer for a free fry with any purchase. Sales from these coupon books benefit the Dave Thomas Foundation for Adoption, aiming to support children in foster care. Wendy's aims to raise over $5 million through this initiative. Boo! Books can be purchased until October 31, 2021, with coupon redemptions valid until December 31, 2021. This program enhances Wendy's community support efforts.
Wendy's has launched the new Big Bacon Cheddar Cheeseburger, enhancing its Made to Crave lineup. This innovative sandwich features fresh, never frozen beef, Applewood smoked bacon, a custom bacon sauce, crispy onions, American cheese, and a cheddar cheese spread, all in a unique cheddar bun. Wendy's aims to deliver big flavors and affordability, reinforcing its position as the home of the number one bacon cheeseburger. The new offering is available for purchase via various platforms, including the Wendy's app, ensuring convenience for customers.
The Wendy's Company (Nasdaq: WEN) announced increased charitable donations as part of its Community Giving Program, focusing on foster care adoption, hunger relief, and community development. Key contributions include $100,000 to Mid-Ohio Food Collective, $50,000 to Columbus Urban League, and $50,000 to YWCA Columbus for youth programs. Additionally, nearly $50,000 will be allocated to various organizations globally through employee-driven grants, and $30,000 is set for Employee Resource Groups to foster community partnerships. This initiative marks a commitment to positively impact local communities.
The Wendy's Company and REEF have announced a commitment to open and operate 700 delivery kitchens across the U.S., Canada, and the U.K. over the next five years, building on a successful pilot in Canada. They expect to launch approximately 50 kitchens in 2021, with the rest completed by 2025. This initiative aims to enhance efficient delivery services, attracting more customers in urban areas. Wendy's aims to grow its brand through innovative formats, while REEF's model supports reduced traffic congestion and pollution by optimizing food delivery.
The Wendy's Company (WEN) reported strong Q2 2021 results with total revenues of $493.3 million, up 22.6% year-over-year, driven by significant sales growth. Systemwide sales increased 22.9%, with U.S. sales soaring 20.6%. The company raised its 2021 financial outlook, citing robust margins over 20% and net income growth of 163.9%. Wendy's also announced a 20% increase in quarterly dividends to $0.12 per share and a $70 million boost to share repurchase authorization. Plans for opening 8,500 to 9,000 global restaurants by 2025 have been significantly increased.
Wendy's introduces the Ghost Pepper Ranch Sauce, a new spicy dipping sauce available nationwide. This sauce combines the heat of ghost peppers with classic ranch flavor, perfect for pairing with various menu items, including the popular Spicy Chicken Nuggets. To promote the launch, Wendy's offers a limited-time BOGO deal on the 10-piece Spicy Chicken Nuggets for just $1 when purchasing other select items, valid until September 5. Customers can order online or through the Wendy's app at participating locations.
The Wendy's Company (Nasdaq: WEN) will release its second quarter 2021 results on August 11, 2021, prior to market opening. A conference call is scheduled for 8:30 a.m. ET the same day, with a webcast available on the Company's Investor Relations website, irwendys.com. Investors can join the conference call via telephone at (866) 211-4759 for domestic callers and (647) 689-6752 for international callers. Archived materials will also be accessible on the website.
Wendy's is introducing a new plant-based option, the Spicy Black Bean Burger, launching on June 28 in selected markets including Columbus, Pittsburgh, and Jacksonville. This burger features a flavorful black bean patty with spicy toppings and will be available for $5.79 while supplies last. Wendy's aims to satisfy the growing demand for plant-based sandwiches with this culinary innovation, which is part of its Made to Crave menu. Customers ordering through the app can enjoy a promotion of a free medium fry and free delivery until July 1.
The Wendy's Company (Nasdaq: WEN) has announced strategic development agreements with Kusto Group and Wissol Group to expand its brand presence in Central Asia over the next nine years. This initiative aims to increase the total number of Wendy's restaurants across Georgia, Uzbekistan, and Kazakhstan to 65 by 2030. Recent openings include two locations in Kazakhstan and a drive-thru in Georgia. Executives assert that local sourcing and quality menu options will drive success in the region, highlighting their commitment to exceptional customer service.
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