Welcome to our dedicated page for The Wendy's Company news (Ticker: WEN), a resource for investors and traders seeking the latest updates and insights on The Wendy's Company stock.
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) has announced significant changes to its Board of Directors. Arthur B. Winkleblack has been appointed as the new non-executive Chairman of the Board, succeeding Nelson Peltz, who has been named Chairman Emeritus. Winkleblack, who has served as Lead Independent Director since October 2023 and has been a board member since 2016, will also chair the Executive Committee.
Peltz, who has been non-executive Chairman since 2007, is stepping down to focus on other board commitments and Trian's future activities. Trian Fund Management, L.P., led by Peltz, owns approximately 15.3% of Wendy's outstanding shares. CEO Kirk Tanner expressed gratitude for Peltz's contributions and confidence in working with Winkleblack in his new role.
Wendy's is launching its HalloWEENDY's season with a new Frosty Frights kids' meal collection. From now until November 3, 2024, customers can collect 11 spooky-themed toy characters inspired by the iconic Frosty treat. The promotion includes the sale of $1 Boo! Books, featuring coupons for five free Jr. Frosty treats and a $1.99 Kids' Meal with any purchase.
Proceeds from Boo! Books sales will benefit the Dave Thomas Foundation for Adoption, supporting foster care adoption. The foundation has helped find forever families for over 14,000 children across the US and Canada. Wendy's Kids' Meals offer a choice of nuggets or burgers with sides and a drink. Boo! Books coupons can be redeemed through December 31, 2024.
Wendy's introduces the Saucy Nuggs Party Pack, a new offering designed for football fans, available nationwide starting August 27, 2024. This party-sized pack contains approximately 45-50 all white-meat chicken nuggets, freshly tossed in one of seven unique sauce flavors. Served with Ranch or Blue Cheese dipping sauces, it's perfect for tailgating and watch parties.
Customers can order the Saucy Nuggs Party Pack through drive-thru, in-restaurant, or via the Wendy's app. The seven sauce options include Honey BBQ, Garlic Parm, Buffalo, and spicy variations. As an added bonus, Wendy's has reduced the in-app delivery fee to $0 every Saturday, making it even more convenient for football fans to enjoy during game days.
Palantir Technologies Inc. (NYSE: PLTR) and Wendy's Quality Supply Chain Co-op (QSCC) have announced a partnership to accelerate digital transformation, AI adoption, and operational decision-making across the Co-op. QSCC, serving over 6,400 Wendy's restaurants in the US and Canada, will initially implement Palantir's Artificial Intelligence Platform (AIP) to enhance decision-making processes.
In a second phase, QSCC will utilize Palantir AIP for supply chain management and waste prevention, including Dynamic Inventory Management and Demand Deviation and Allocation. This partnership aims to create a fully integrated Supply Chain Network with AI-driven, automated workflows, potentially leading to cost savings and efficiencies for all Wendy's operators.
Wendy's is offering $1 small Frosty treats for six weeks, from August 5 to September 15, 2024, at participating restaurants nationwide. This promotion allows customers to enjoy either the Classic Chocolate Frosty or the seasonal Triple Berry Frosty (while supplies last) at a discounted price. The deal aims to sweeten the end of summer for Frosty fans.
Interestingly, 70% of Frosty enthusiasts prefer using a spoon, while Gen Z often dips Wendy's Hot & Crispy Fries into their Frosty. Wendy's encourages customers to try different ways of enjoying their Frosty, whether by spoon, straw, or with fries. The company also promotes its rewards program, offering 10 points for every $1 spent, which can be redeemed for free items.
The Wendy's Company (NASDAQ: WEN) reported its Q2 2024 results, showing modest growth in key metrics. Global systemwide sales increased by 2.6% to $3.729 billion, while same-restaurant sales grew by 0.8%. Total revenues rose 1.6% to $570.7 million. However, operating profit decreased by 9% to $99.5 million, and net income fell 8.4% to $54.6 million.
The company continued its global expansion, opening 64 new restaurants (25 in the U.S. and 39 internationally) during Q2. Wendy's also maintained its quarterly dividend of 25 cents per share and continued its share repurchase program, buying back 1.6 million shares for $27.3 million in Q2.
Despite challenges, Wendy's remains focused on quality, innovation, and value to drive growth and improve restaurant economics throughout 2024 and beyond.
Wendy's is launching a new breakfast deal to brighten up Monday mornings, offering their Honey Butter Chicken Biscuit, now dubbed 'Honey Buddy', for just $1 with any purchase. This offer is available exclusively through the Wendy's app during breakfast hours, every week until September 30, 2024. The Honey Buddy features a buttermilk biscuit topped with breaded all-white meat chicken and maple honey butter, providing a balance of savory and sweet flavors. This promotion aims to combat the 'Monday Unhappy Hour' by offering a fan-favorite breakfast item at an unbeatable value, catering to customers seeking both quality and affordability in their morning meals.
The Wendy's Company (Nasdaq: WEN) has announced it will release its second quarter 2024 financial results before the market opens on Thursday, August 1. A conference call will be held at 8:30 a.m. ET on the same day, which will be webcast live on the company's Investor Relations website. Presentation materials related to the results will also be made available on the website. Domestic callers can join the conference by dialing (844) 200-6205, while international callers can dial (929) 526-1599 using event ID 202635. An archived version of the webcast and presentation materials will be accessible on the Investor Relations website following the event.
Wendy's announces its entry into the Republic of Ireland and Romania through new franchise agreements, aiming to develop hundreds of restaurants across Europe over the next decade, starting in 2025. Wendy's re-entered the UK in 2021, with plans to expand to 400 restaurants there. The company is also actively recruiting franchisees across Europe to support its growth ambitions.
In 2023, Wendy's achieved its 13th consecutive year of global same-restaurant sales growth, benefiting from strong partnerships with franchisees and suppliers. The European market is a high-priority area for Wendy's, reflecting its broader strategy to accelerate global growth and international presence.
Ampion has partnered with The Wendy’s Company to enable over 130 Wendy’s locations to source renewable energy through community solar and Renewable Energy Certificates (RECs). The partnership will deliver more than 27 million kWh of renewable energy to the grids in New York, Illinois, and Massachusetts. Wendy’s will utilize Ampion+ to access Green-e® Energy certified RECs, helping them meet stringent environmental standards. This initiative supports Wendy’s goal to reduce its Scope 1, 2, and 3 emissions by 47% by 2030. The enrolled restaurants will secure between 30% and 100% of their energy from solar without installing onsite panels. The collaboration aims to cut greenhouse gas emissions and energy costs.
By engaging in community solar projects, Wendy’s locations contribute renewable electricity to local grids, reducing reliance on fossil fuels. This partnership aligns with the company’s broader sustainability goals and exemplifies a scalable, affordable solution for corporate environmental responsibility.
FAQ
What is the current stock price of The Wendy's Company (WEN)?
What is the market cap of The Wendy's Company (WEN)?
What is The Wendy’s Company known for?
How many restaurants does Wendy’s operate worldwide?
What are Wendy’s recent financial achievements?
What are Wendy’s recent product launches?
How does Wendy’s generate revenue?
What is Wendy’s commitment to social responsibility?
What are Wendy’s plans for future growth?
What recent partnerships has Wendy’s formed?
How does Wendy’s maintain its quality standards?
Where can I find more information about Wendy’s?
