Welcome to our dedicated page for Wendys Co news (Ticker: WEN), a resource for investors and traders seeking the latest updates and insights on Wendys Co stock.
The Wendy's Company (Nasdaq: WEN) generates a steady flow of news through product launches, strategic initiatives, financial results and capital markets activity. With a global system of more than 7,000 Wendy's® restaurants, the brand regularly issues updates that reflect its position in the quick-service restaurant industry and its focus on menu innovation, value platforms and international expansion.
Recent news highlights include the introduction of the Biggie Deals® value menu, featuring $4, $6 and $8 combinations built around hamburgers made with fresh, never frozen beef in specified markets, chicken sandwiches, nuggets, fries and drinks. Wendy's has also expanded its chicken lineup with new Chicken Tenders, referred to as "Tendys," along with six new dipping sauces, and continues to develop Frosty® innovations, such as Frosty Fusions™ and limited-time flavors tied to seasonal themes or entertainment collaborations.
Investors and followers of WEN will also find regular coverage of the company’s financial performance. Quarterly results releases detail global systemwide sales, same-restaurant sales, restaurant openings, adjusted revenues, adjusted EBITDA, earnings per share, free cash flow, dividends and share repurchases. These updates often discuss trends in U.S. and international segments, restaurant-level margins, advertising spend and capital allocation.
Strategic and corporate news is another key theme. Wendy's has announced Project Fresh, a strategic plan aimed at brand revitalization, system optimization, operational excellence and capital allocation. The company also reports on leadership changes, board actions and international development agreements, such as new franchise commitments in Italy and Armenia that support its goal of reaching 2,000 international restaurants by 2028.
This news page brings together these types of announcements so readers can follow how menu developments, marketing programs, global growth, financing transactions and governance decisions shape The Wendy's Company over time.
Wendy's launches '12 Days of Bow-GO' promotion offering daily BOGO deals through its mobile app from December 11-22, 2024. The promotion features over $50 in savings on popular menu items, including buy-one-get-one FREE offers on the Breakfast Baconator, Dave's Single, and Saucy Nuggs. Additionally, customers can enjoy free delivery during breakfast hours throughout December when ordering through the Wendy's app. The deals are available at participating locations nationwide and can be accessed by downloading the Wendy's app or creating an account at wendys.com.
Wendy's is bringing back its popular Frosty Key Tags promotion from December 9, 2024, through February 16, 2025. For $3, customers can purchase a key tag that offers a free Jr. Frosty with any purchase throughout 2025. The promotion is available at participating U.S. locations, and customers can use either a physical keychain or digital version through the Wendy's app.
Proceeds from the key tag sales will benefit the Dave Thomas Foundation for Adoption, which has helped find permanent homes for more than 14,800 children across the U.S. and Canada. The key tags can be purchased at local Wendy's restaurants or through the mobile app, with bulk orders available through the Foundation.
The Wendy's Company has appointed Ken Cook as Chief Financial Officer, effective December 2, 2024, replacing Gunther Plosch who served since 2016. Cook joins from UPS, where he was Head of Financial Planning and Analysis, bringing 20 years of finance experience including roles as CFO of UPS's U.S. Domestic segment and South Asia operations. The appointment aligns with Wendy's focus on driving operational performance and improving restaurant profitability. The company will release Q4 and full year 2024 results on February 13, 2025, followed by an Investor Day on March 5, 2025.
Wendy's announces a -time offer for its Spicy Chicken Sandwich at $3.99, available exclusively through the Wendy's mobile app until December 29, 2024. The promotion features their signature sandwich, introduced in 1995, made with chicken breast marinated in spicy seasonings and topped with lettuce, tomato, and mayo.
The offer is accessible nationwide through the Wendy's app, where customers can either place mobile orders or generate a barcode for in-store purchases. This promotional pricing aims to provide an affordable meal option during the holiday season.
Wendy's introduces new Salted Caramel Frosty nationwide, celebrating the iconic dessert's 55th anniversary. The -time flavor debuts alongside two new fall menu items: the Mushroom Bacon Cheeseburger featuring roasted mushrooms, bacon, Muenster cheese, and garlic spread on fresh beef, and a revamped Taco Salad with new creamy zesty salsa dressing, fire-roasted corn, and tortilla strips. The Salted Caramel Frosty will temporarily replace the Vanilla Frosty, joining Chocolate on the menu at participating locations.
Wendy's (WEN) reported Q3 2024 results showing mixed performance. Global systemwide sales grew 1.8% to $3.636 billion, with same-restaurant sales increasing 0.2%. Total revenues rose 2.9% to $566.7 million. However, operating profit declined 6.8% to $94.7 million, and net income decreased 13.4% to $50.2 million. The company maintained its U.S. Company-operated restaurant margin at 15.6%. During Q3, Wendy's opened 64 new restaurants globally and continued its share repurchase program, buying back 1.5 million shares for $25.2 million. The company declared a quarterly dividend of $0.25 per share.
Wendy's franchisee Legacy Restaurant Group (LRG) has partnered with University of Kansas Men's Basketball Coach Bill Self for a Halloween fundraising initiative. Coach Self will match every $1 Boo! Books purchase up to $30,000 to benefit the Dave Thomas Foundation for Adoption. The promotion runs from October 23 through November 3, 2024, at participating Kansas City and Lawrence Wendy's locations. Each Boo! Book includes coupons for five free Jr. Frosty treats and a bonus $1.99 Kids' Meal coupon valid through December 31, 2024.
Wendy's is launching a -edition Boo! Bag meal for Halloween, available from October 21 while supplies last. The meal includes a Dave's Single, small Hot & Crispy Fry, small Frosty, glow-in-the-dark Bone Chiller Frosty figure, and a Boo! Books coupon book. Boo! Books, also sold separately for $1, contain coupons for five free Jr. Frosty treats and a bonus coupon for a $1.99 kids' meal with purchase.
The promotion supports foster care adoption through the Dave Thomas Foundation for Adoption. Wendy's is also offering a Frosty Frights kids' meal, making it a one-stop-shop for seasonal treats. Boo! Books are available until November 3, with coupons valid through December 31, 2024.
Wendy's and Rebel Foods celebrate the opening of their 160th restaurant in India, located in Bengaluru's BTM Layout. This milestone was achieved in just 36 months, with Rebel Foods as the master franchise holder for Wendy's in India. The new restaurant features Wendy's Global Next Gen design, including self-ordering kiosks and seating for over 50 customers.
The expansion includes plans for more dine-in restaurants across Delhi NCR, Bengaluru, and Hyderabad. Wendy's menu in India offers a mix of signature items and local favorites, including the recently launched Chimichurri Burgers. The company aims to add dozens more restaurants by December, expanding its presence in various Indian cities.
The Wendy's Company (Nasdaq: WEN) has announced it will release its third quarter 2024 results before the market opens on Thursday, October 31. The company will host a conference call at 8:30 a.m. ET on the same day, along with a simultaneous webcast from their Investor Relations website. Presentation materials will be available on the website as well. The live conference call can be accessed by telephone, with separate numbers provided for domestic and international callers. An archived webcast and presentation materials will be made available on the company's Investor Relations website after the event.