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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 is offering $1 any size soft drinks nationwide for a time, with no additional purchase necessary. This promotion provides fans with over 100 drink options to choose from, available all day, every day across the country. Customers can explore a variety of beverages, including classic favorites and unique combinations, using Coca-Cola Freestyle® dispensers at Wendy's locations.
The offer is available at Wendy's restaurants, in-app, or online at wendys.com. Wendy's aims to provide quality experiences at great prices, allowing customers to enjoy refreshing drinks at an affordable price point. The promotion aligns with Wendy's commitment to offering delicious food and beverages at prices customers can feel good about.
Wendy's and Paramount are partnering to celebrate the 25th anniversary of SpongeBob SquarePants with the launch of the Krabby Patty Kollab. This -time collaboration introduces two new menu items: the Krabby Patty Kollab Burger and the Pineapple Under the Sea Frosty.
The Krabby Patty Kollab Burger features a quarter pound of fresh beef, American cheese, lettuce, tomato, pickle, onion, and a secret Krabby Kollab sauce. The Pineapple Under the Sea Frosty is a vanilla Frosty with a Pineapple Mango flavored puree swirl.
Available nationwide in the U.S., Canada, and Guam starting October 8, 2024, these items can be purchased at Wendy's restaurants and through the Wendy's mobile app. An exclusive preview will be available in Los Angeles on October 7-8 through an immersive drive-thru experience in Panorama City.
Wendy's is offering $1 small Frosty treats nationwide through September 30, 2024, in response to frequent ice cream machine downtime at other fast food chains. Partnering with McBroken.com, Wendy's identified Chicago, Houston, Las Vegas, New York, and Los Angeles as areas with the most ice cream machine downtime.
The promotion highlights Wendy's reliability in serving Frosty treats, available in Classic Chocolate and -time Vanilla flavors. According to McBroken.com data, ice cream machines at other chains are often unavailable between 11 a.m. and 3 p.m. Wendy's encourages customers to use their app to locate nearby restaurants and take advantage of this sweet deal.
The Wendy's Company (Nasdaq: WEN) has announced two key executive appointments: John Min as Chief Legal Officer and Secretary, and Mary Greenlee as Senior Vice President, U.S. Operations. These appointments aim to drive accountability and accelerate growth. Min, with two decades of corporate legal experience, will oversee Wendy's global legal department and manage risk and compliance functions. Greenlee, bringing over 25 years of experience in the restaurant and beverage industries, will focus on supporting Wendy's strategic growth initiatives, including driving the restaurant economic model and expanding the U.S. footprint.
Both executives bring significant expertise to their roles. Min's background includes managing complex commercial transactions and global legal strategy, while Greenlee has a strong track record in franchise relationships and market expansion in the QSR industry. These appointments reflect Wendy's commitment to strengthening its leadership team to support continued growth and innovation.
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.
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