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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) will announce its fourth quarter and full year 2020 results on March 3, 2021, before market opening. A conference call will take place at 8:30 a.m. ET on the same day, accompanied by a webcast. Interested parties can access the related materials on the Company's Investor Relations website, www.irwendys.com. The call will be available via phone for domestic at (866) 211-4759 and international at (647) 689-6752. Archived materials will also be accessible online.
Wendy's is offering a FREE Honey Butter Chicken Biscuit to fans in the Tampa Bay area from February 5 to February 7, 2021. No purchase is necessary for this promotion, aimed at celebrating the final football showdown weekend. This offer is available at over 100 participating Wendy's locations from 6:30 AM to 10:30 AM. The Chief Marketing Officer, Carl Loredo, emphasizes the quality and taste of their breakfast menu. Customers can find participating locations through Wendy's website.
Dublin, Ohio, December 7, 2020 /PRNewswire/ -- Wendy's teams up with Uber Eats for a unique event called 'Never Stop Gaming' from December 8-12, featuring gaming streams from top Twitch influencers. Fans can order special meal combos named after streamers such as TFUE and Myth via Uber Eats, receiving an Uber Eats Prize Pass for chances to win gaming-related prizes. The initiative aims to connect Wendy's with a younger audience through gaming culture, offering exclusive meals and exciting giveaways during this five-day event.
The Wendy's Company announced a new community-based giving program, allocating at least $500,000 to support 23 charitable organizations focused on social justice, youth, and education in the Black community. This initiative follows a prior partnership with the Thurgood Marshall College Fund. Employees can apply for grants, with $100,000 available in 2020. The program aims to enhance long-term partnerships with local organizations, reflecting the brand's commitment to community support. Wendy's plans to integrate this program with its existing Community Ambassador Grant Program in 2021.
Wendy's celebrates National Adoption Month with two promotions to support the Dave Thomas Foundation for Adoption (DTFA). Running until November 29, customers can get a free beverage with purchase via the Wendy's app, which results in a $5 donation to DTFA by Coca-Cola and Dr Pepper, up to $500,000. Additionally, from November 23 to January 31, customers can buy a Frosty Key Tag for $2, redeemable for a free Jr. Frosty treat throughout 2021, with 85% of proceeds benefiting DTFA.
The Wendy's Company (Nasdaq: WEN) reported its third-quarter 2020 results, showcasing a strong performance with global same-restaurant sales growth of 6.1%, the highest in over 15 years. Revenues increased by 3.3% to $452.2 million, primarily from higher sales at company-operated restaurants. However, net income fell by 13.7% to $39.8 million due to a higher tax provision. The company announced a 40% increase in its quarterly dividend to $0.07 per share, reflecting improved liquidity. The guidance for 2020 and long-term outlook was withdrawn due to uncertainties from the COVID-19 pandemic.
Wendy's has launched a new Classic Chicken Sandwich, described as crispier and juicier, priced at $4.99. This sandwich features a premium all-white meat chicken breast, mayo, tomato, lettuce, and pickles on a toasted bun. Additionally, all premium chicken fillets across Wendy's chicken sandwich lineup will be upgraded to the new fillet, impacting popular items like the Bacon Jalapeno Chicken Sandwich and Asiago Ranch Chicken Club. The sandwich is available via drive-thru, mobile order, and delivery options, including DoorDash and Uber Eats.
The Wendy's Company (Nasdaq: WEN) appointed Kevin Vasconi as Chief Information Officer effective immediately. Vasconi brings over 30 years of technology experience, including his recent role at Domino's Pizza, where he significantly advanced digital sales. He will oversee Wendy's global technology initiatives, focusing on consumer-facing digital solutions and information security. CEO Todd Penegor emphasized the importance of digital technology for the company's growth, expressing confidence in Vasconi's leadership to drive future advancements.
The Wendy's Company (Nasdaq: WEN) will announce its third quarter 2020 results on November 4, 2020, before market opening. A conference call is scheduled for the same day at 8:30 a.m. ET, accessible via telephone and a webcast. Investors can access presentation materials on the Investor Relations website. Domestic callers can dial (866) 211-4759, while international callers can reach (647) 689-6752. Archived materials will also be available on the website.
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