Wendy's

The Wendy’s Co. engages in operating, developing, and franchising a system of quick-service restaurants. It offers hamburgers and related products, such as chicken breast sandwiches, nuggets, chili, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts, and kid’s meals. The company was founded by R. David Thomas on November 15, 1969 and is headquartered in Dublin, OH.

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Wendy's reports robust 2022 performance, eyes international expansion opportunities

Wendy's strong performance in 2022, driven by digital sales and breakfast success, positions the company for continued growth and profitability.
Challenges such as inflation and evolving consumer preferences require strategic responses to maintain competitiveness and drive operational efficiency.
Opportunities in international expansion, customer engagement, and pricing strategies offer avenues for sustained growth and market positioning for Wendy's.
Overall, Wendy's financial outlook is positive, with a focus on growth investments, operational enhancements, and maintaining market competitiveness.

Wendy's reports robust Q1 performance, reaffirms 2023 financial outlook

Wendy's strong Q1 performance showcased growth in sales, profitability, and digital business, with reaffirmed 2023 financial outlook.
The company's strengths include strategic pricing, digital growth, and successful value offerings, positioning well against competitors.
Challenges include breakfast business improvement, pricing strategy, labor reliance reduction, and reimaging goals.
Opportunities for Wendy's include product promotions, AI technology investments, profitability optimization, and forecasted sales and profit growth.

Wendy's reports robust Q2 sales growth and digital expansion

Wendy's Q2 2023 earnings call highlighted strong sales performance, operational improvements, and strategic growth initiatives. Challenges include driving breakfast business and managing pricing strategies amidst market dynamics. Opportunities exist in expanding breakfast offerings, leveraging AI, and enhancing digital sales growth.

Wendy's reports solid Q3 performance, eyes growth through digital and core products

Wendy's Q3 2023 showcased strong sales growth, margin expansion, and strategic focus on core products and digital initiatives.
While facing challenges in sales growth targets and competitive pressures, the company's loyalty program and app-driven promotions are driving customer engagement.
Opportunities in personalized marketing, late-night offerings, and breakfast promotions position Wendy's for continued growth and profitability.

Wendy's reports strong Q4 results, eyes global expansion opportunities

Wendy's Q4 performance was strong, driven by global sales growth and digital initiatives.
Focus on breakfast sales expansion, digital innovation, and AI technology for growth.
Challenges include competitive environment impact and balancing growth investments.
Opportunities lie in domestic and international market expansion and margin improvement.

Wendy's reports robust Q1 performance, eyes U.K. expansion for growth

Wendy's Q1 performance reflects a strong focus on customer experience, digital innovation, and global expansion. Challenges include competitive positioning and commodity outlook, while opportunities lie in expanding in the U.K. and leveraging digital platforms for growth.

Wendy's reports solid Q2 growth, eyes global expansion and digital innovation

Wendy's Q2 performance reflects a balanced growth strategy with a focus on digital sales, unit expansion, and core menu offerings. While facing challenges in same-restaurant sales, the company's strengths lie in its stable market position and international growth potential. Strategic opportunities include digital innovation and global expansion.

Wendy's reports robust Q3 sales growth and eyes international expansion

Wendy's delivered strong sales growth and outlined plans for future expansion and operational excellence in its Q3 2024 earnings call.
The company's focus on driving profitability through strategic initiatives and international expansion highlights its commitment to long-term success.
While facing challenges such as store closures and industry competition, Wendy's remains poised to capitalize on opportunities for growth and market leadership.
Investors can expect continued value creation through Wendy's financial discipline, dividend yield, and efforts to enhance shareholder returns.

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Cook to Succeed Gunther Plosch Effective December 2 DUBLIN, Ohio , Nov. 18, 2024 /PRNewswire/ -- The Wendy's Company (Nasdaq: WEN) today announced the appointment of Ken Cook as Chief Financial Officer, effective December 2, 2024. He will report to President and Chief Executive Officer Kirk Tanner and serve on the Wendy's Senior Leadership Team.

THE WENDY'S COMPANY NAMES KEN COOK CHIEF FINANCIAL OFFICER

Fans can turn up flavor and savings with exclusive deal in the Wendy's app ahead of Thanksgiving gatherings DUBLIN, Ohio , Nov. 18, 2024 /PRNewswire/ -- WHAT: The Queen of Spice just dropped a HOT deal. Now through December 29, Wendy's® fans can bring the heat to their tastebuds and not the family gathering with a $3.99 Spicy Chicken Sandwich deal, available every day with the offer exclusively in the Wendy's app.

As Temperatures Drop Wendy's Spices Up Holiday Meal Planning with $3.99 Spicy Chicken Sandwich In-App Offer

Fans can pair seasonal Frosty flavor with new fall menu items beginning  November 12 DUBLIN, Ohio , Nov. 12, 2024 /PRNewswire/ -- For 55 years, Wendy's iconic Frosty® has captured the hearts and tastebuds of Wendy's® fans with its creamy texture and satisfying sweetness. To celebrate this milestone, participating Wendy's restaurants nationwide are serving the newest seasonal Frosty flavor, Salted Caramel Frosty, beginning Tuesday, November 12.

Celebrating 55 Years of Frosty: Wendy's Drops New Salted Caramel Frosty Nationwide

Q3 Performance Under Pressure: Wendy's Biggie Bag faced stiff competition from promotions like McDonald's $5 Meal Deal, impacting traffic but aligning with Wendy's long-term focus on value. Breakfast Growth Amidst Industry Decline: Wendy's breakfast segment continued to expand, contrasting with industry-wide breakfast traffic declines, giving it a key edge over other restaurants. Strategic Closures and Net Unit Growth: Wendy's plans to close 140 U.S. locations with low AUVs but will still see net unit growth of 2% for FY 2024.

Wendy's: Unit Pruning Doesn't Tickle '70/30 Expansion'

Wendy's is shuttering 140 restaurants as it looks to improve its "restaurant footprint and overall system health."

Wendy's to close 140 restaurants by the end of the year

Wendy's says will close 140 "outdated" stores this year, leaving its growth count flat for 2024. The company said Thursday the move will set the chain up for faster expansion in the coming years.

Wendy's is closing another 140 'outdated' stores as it looks to build out new higher-tech locations

If you're a fan of Wendy's, the company announced some bad news when reporting its third-quarter 2024 financial results yesterday: The burger chain will close around 140 stores by the end of the year. However, there's a silver lining of sorts to these closures, too.

Wendy's is closing 140 ‘outdated' restaurants in 2024, but there's a silver lining for fans of the fast food chain

WEN's third-quarter fiscal 2024 results benefit from solid same-restaurant sales, strength in U.S. breakfast sales and digital sales momentum.

Wendy's Q3 Earnings Match Estimates, Revenues Up Year Over Year

The Wendy's Company (NASDAQ:WEN ) Q3 2024 Earnings Call Transcript October 31, 2024 6:00 PM ET Company Participants Aaron Broholm - Head of Investor Relations Kirk Tanner - President and Chief Executive Officer Gunther Plosch - Chief Financial Officer Conference Call Participants David Palmer - Evercore ISI Dennis Geiger - UBS Danilo Gargiulo - Bernstein John Ivankoe - J.P. Morgan Jeffrey Bernstein - Barclays Brian Mullan - Piper Sandler Chris O'Cull - Stifel Lauren Silberman - Deutsche Bank Brian Harbour - Morgan Stanley Jon Tower - Citi Jim Salera - Stephens Sara Senatore - Bank of America Andrew Charles - TD Cowen Gregory Francfort - Guggenheim Jake Bartlett - Truist Securities Peter Saleh - BTIG Christine Cho - Goldman Sachs Alex Slagle - Jefferies Jim Sanderson - Northcoast Research Logan Reich - RBC Operator Good morning.

The Wendy's Company (WEN) Q3 2024 Earnings Call Transcript

The headline numbers for Wendy's (WEN) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Wendy's (WEN) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Shares of Wendy's Co. were knocked lower on Thursday after the fast-food burger chain missed same-restaurant sales expectations again, by the widest margin in more than four years.

Wendy's stock falls as same-restaurant sales miss again, by a wide margin

Wendy's (WEN) came out with quarterly earnings of $0.25 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.27 per share a year ago.

Wendy's (WEN) Q3 Earnings Match Estimates

DUBLIN, Ohio , Oct. 31, 2024 /PRNewswire/ -- The Wendy's Company (Nasdaq: WEN) today reported unaudited results for the third quarter ended September 29, 2024. "Wendy's restaurants continued to deliver sales growth during the third quarter, maintaining overall traffic and dollar share in the QSR burger category," said Kirk Tanner, President and Chief Executive Officer.

THE WENDY'S COMPANY REPORTS THIRD QUARTER 2024 RESULTS

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Wendy's (WEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Wendy's (WEN) to Report a Decline in Earnings: What to Look Out for

Hall of fame coach will match every Boo! Books purchase at local area Wendy's, up to $30,000, to benefit the Dave Thomas Foundation for Adoption DUBLIN, Ohio , Oct. 23, 2024 /PRNewswire/ -- WHAT: Legacy Restaurant Group (LRG), a local franchisee of The Wendy's Company, is teaming up with University of Kansas Men's Basketball Coach Bill Self – taking his winning plays off the court and into local Wendy's ® locations for a spooky good cause.

Coach Bill Self Teams Up with Local Wendy's Restaurants to Support a Spooktacular Cause

The whole family can celebrate Halloween with new limited-edition meal bundles beginning October 21 DUBLIN, Ohio , Oct. 21, 2024 /PRNewswire/ --  WHAT: Halloween treats aren't just for kids! HalloWEENDY's is delivering spooky food and fun for the whole family this season.

Wendy's Drops Bone-Chillingly Fun Boo! Bag Meal, Featuring Exclusive Frosty Figure for "Kidults" and Parents

Rebel Foods opened all 160 Wendy's restaurants in a record span of 36 months DUBLIN, Ohio , Oct. 14, 2024 /PRNewswire/ -- The Wendy's Company announced today that Rebel Foods, the world's largest internet restaurant brand and the master franchise holder for Wendy's® in India, opened its 160th Wendy's restaurant at BTM Layout in Bengaluru. Dana Calvert, Wendy's Chief International Development Officer, led the opening celebration, reinforcing the brand's commitment to accelerating growth in India.

Rebel Foods opens 160th Wendy's restaurant in Bengaluru

DUBLIN, Ohio , Oct. 9, 2024 /PRNewswire/ -- The Wendy's Company (Nasdaq: WEN) will release its third quarter 2024 results before the market opens on Thursday, October 31. The Company will host a conference call that same day at 8:30 a.m.

The Wendy's Company to Report Third Quarter 2024 Results on October 31

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Fans can enjoy more than 100 soft drink choices for a dollar, any size all day long DUBLIN, Ohio , Oct. 8, 2024 /PRNewswire/ --  WHAT: Wendy's is bringing buck beverages to provide fans with great value – all day, every day across the country. For a limited time, Wendy's® is making sips even more refreshing with $1 any size soft drinks nationwide with no additional purchase necessary*.

Sip, Save, Hooray! Wendy's Is Satisfying Fans' Thirst for Refreshing Soft Drinks for Just a Dollar

QSRs face declining value perceptions and stagnant average check growth, with Wendy's standing out as a value leader due to its consistent value proposition and promotions. Wendy's maintains stable comparable sales and strong breakfast offerings, positioning it as a viable option amid rising competition from casual dining and c-stores. Despite market challenges, Wendy's is recommended as a 'Buy' due to its high payout ratio, international expansion, and strong value perception among guests.

Wendy's: Still Top Of Mind When We Talk About Value In QSRs

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A Media Snippet accompanying this announcement is available by clicking on this link. ORLANDO, Fla.

Wendy's Frosty Frights Kids' Meal Celebrates Spooky and Sweet Halloween Icons

Wendy's focus on menu innovation, technology upgrades, and international expansion positions it to capitalize on favorable industry trends.

News for Wendy's Stock (WEN)