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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 and Adult Swim have announced a second year of their partnership, coinciding with the premiere of Rick and Morty's fifth season on June 20, 2021. The promotion will include two new drinks available in over 5,000 locations, including the Mello Yello Portal Time Lemon Lime and BerryJerryboree, starting June 16 through August 22. Additionally, customers can enjoy free delivery via the Wendy's app from June 17 to July 1, 2021. A special pop-up restaurant event will also occur in Los Angeles from June 18-20.
The Wendy's Company (Nasdaq: WEN) announced the commencement of a refinancing transaction to address a portion of its outstanding securitization debt. The subsidiaries plan to issue at least $900 million in new fixed-rate senior secured notes to repay existing debts and cover transaction fees. The refinancing aims to enhance the company's debt management and potentially fund growth initiatives. The completion of this offering is subject to market conditions and is expected to close by the end of Q2 2021.
Wendy's announces the return of its Summer Strawberry Chicken Salad, enhancing its lineup with a mix of fresh ingredients like hand-picked strawberries, Applewood smoked bacon, and Tuscan cheese. This salad aims to meet customer cravings for flavorful and convenient meal options. Available now in participating locations for $6.99, customers can earn double Wendy's Rewards points from June 7-13. Additionally, a promotional offer through Grubhub allows customers to receive the salad for free with orders of $15 or more from June 9-13.
A new collaboration between Pringles and Wendy's has launched a limited-edition Pringles flavor inspired by Wendy's original Spicy Chicken Sandwich. This unique crisp captures the spicy chicken flavor, allowing fans to enjoy it in a convenient snack format. The product will be available at retailers nationwide starting in June 2021. Each can includes a code for a free spicy chicken sandwich with mobile orders, enhancing the promotional appeal. This collaboration follows the success of the Pringles Baconator flavor, emphasizing Wendy's commitment to quality and flavor.
The Wendy's Company (WEN) reported strong Q1 2021 results, with total revenues rising by 13.6% to $460.2 million, driven by increased sales at company-operated restaurants and franchise royalty revenue. Net income surged by 186.4% to $41.4 million, while adjusted earnings per share jumped 122.2% to $0.20. The company also increased its quarterly dividend by 11% to $0.10 per share and authorized a $50 million increase in share repurchase. Systemwide sales grew 12.5%, with U.S. same-restaurant sales up 13.5%. Wendy's remains focused on expanding its breakfast offerings and digital business.
Dublin, Ohio, May 6, 2021 /PRNewswire/ -- Wendy's is launching the Bourbon Bacon Cheeseburger, coinciding with National Hamburger Month. The new burger features a custom Bourbon Bacon sauce, Applewood smoked bacon, American cheese, crunchy onions, and a premium toasted bun. Available from May 6 through May 9, customers can enjoy a free cheeseburger via Postmates with a $15 minimum purchase using the promo code BOURBON. The suggested retail price for the new burger is $5.39. This introduction aligns with Wendy's commitment to quality and aims to satisfy burger lovers amid competition in the fast-food industry.
The Wendy's Company (WEN) has released its 2020 Corporate Responsibility Report, highlighting progress in Food, People, and Footprint. Key initiatives include responsibly sourcing its top 10 food categories by 2030, increasing diversity among leadership and franchisees, and committing to 100% sustainable customer-facing packaging by 2026. Wendy's also plans to track and reduce greenhouse gas emissions and has aligned its goals with the UN Sustainable Development Goals. The report emphasizes transparency through recognized reporting standards.
The Wendy's Company (Nasdaq: WEN) will announce its first quarter 2021 results prior to the market opening on May 12, 2021. Following the results release, the company will hold a conference call at 8:30 a.m. ET, which will also be available via webcast. Investors can access related presentation materials on the Investor Relations section of the company's website. For listening in via telephone, domestic callers can dial (866) 211-4759, while international callers should use (647) 689-6752. Archived materials will also be accessible on the same website.
Wendy's has relaunched its popular Bacon Double Stack as part of the $5 Biggie Bag, available nationwide. This meal deal includes the Bacon Double Stack, chicken nuggets, fries, and a drink, all for $5. Wendy's emphasizes its commitment to value and quality, positioning itself as a leader in fast-food affordability. The promotion aims to maintain customer loyalty while attracting new fans. Customers can order the Biggie Bag in-store, online, or via the Wendy's mobile app.
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