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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 released its 2023 Corporate Responsibility report, showcasing progress in responsible food sourcing, workplace equity, and emissions reduction. The report highlights stakeholder collaboration and transparency in achieving sustainability goals.
The Wendy's Company announced that Lindsay Radkoski, U.S. Chief Marketing Officer, will join the Senior Leadership Team under President and CEO Kirk Tanner. Radkoski will now lead Global Marketing Centers of Excellence, taking on additional responsibilities following the departure of the Global CMO. With a focus on customer relationships and digital marketing, Wendy's aims to drive profitable sales growth and enhance customer loyalty.
The Wendy's Company reported unaudited results for the first quarter of 2024, showing positive growth in global same-restaurant sales, U.S. breakfast sales, and digital sales mix. The company remains focused on executing plans to drive long-term shareholder value. Financially, total revenues increased, U.S. Company-operated restaurant margin expanded, net income grew, and adjusted earnings per share saw an increase. However, the operating profit decreased due to higher investments in breakfast advertising and other expenses.
Wendy's, in partnership with Coca-Cola and Keurig Dr Pepper, is supporting National Foster Care Month by donating $5 to the Dave Thomas Foundation for Adoption for every QR code scan on cold beverage cups, up to $500,000 in total. On National Foster Care Day, delivery and service fees for in-app orders will be waived. Customers can also enjoy a free Coca-Cola or Dr Pepper drink with purchase offer throughout the month.
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