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The Wendy's Company - WEN STOCK NEWS

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.

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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.

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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.

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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.

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To celebrate the fifth anniversary of its $5 Biggie Bag, Wendy's offers customers a free small Frosty with every Biggie Bag purchase through the Wendy's app. This promotion runs from June 20 to June 30 nationwide at participating locations. The Biggie Bag, introduced in 2019, includes a choice of a Jr. Bacon Cheeseburger or Crispy Chicken Sandwich, 4-piece Chicken Nuggets, Jr. Hot & Crispy Fries, and a small drink. Additionally, Wendy's introduces a -time Triple Berry Frosty available for free with UberEats orders over $15 through June 24.

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Wendy's has introduced a new -time summer treat, the Triple Berry Frosty. Launched on June 12, 2024, this new Frosty flavor combines strawberry, blackberry, and raspberry to offer a refreshing, sweet, and tart experience. Available nationwide, the Triple Berry Frosty aims to cater to growing Frosty fandom and seasonal cravings. Wendy's fans can earn reward points by ordering through the Wendy's app or MyWendy's account, enhancing customer engagement and loyalty. This new offering continues Wendy's tradition of evolving their iconic Frosty lineup, which dates back to 1969.

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Wendy's is introducing 'Saucy Nuggs,' seven new flavored chicken nuggets available via the Wendy's app starting June 3, 2024, with in-app delivery fees waived for the week. The new flavors include Honey BBQ, Garlic Parm, Buffalo, Spicy Honey BBQ, Spicy Garlic Parm, Spicy Buffalo, and Spicy Ghost Pepper. Nationwide availability begins June 10. Wendy's aims to enhance the culinary experience with these new flavors. Additionally, from June 12 to June 18, DoorDash will offer promotions like free Nuggs with qualifying purchases.

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The Wendy's Company (NASDAQ: WEN) has announced the appointment of Abigail Pringle as President, U.S., and E.J. Wunsch as President, International, effective June 17, 2024. Pringle, formerly President, International and Chief Development Officer, has been with Wendy's since 2002, contributing significantly to its development and strategic initiatives. Wunsch, previously Chief Legal Officer since 2016, brings extensive international experience from his tenure at Procter & Gamble. The new roles aim to accelerate growth in both the U.S. and international markets, with Pringle overseeing over 6,000 U.S. restaurants and Wunsch managing operations across 33 countries and U.S. territories. CEO Kirk Tanner emphasizes that these leadership changes will help drive faster growth in same-restaurant sales, digital initiatives, and new restaurant development.

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Wendy's announces a new $3 English Muffin deal, available starting today at participating locations. Customers can choose between a Bacon, Egg & Cheese or Sausage, Egg & Cheese English Muffin combo, which includes small Seasoned Potatoes. Additionally, Wendy's introduces a new Sausage Breakfast Burrito, featuring a grilled sausage patty, fresh cracked eggs, seasoned breakfast potatoes, American cheese, and cheese sauce wrapped in a tortilla, served with Cholula Hot Sauce.

This initiative is part of Wendy's efforts to enhance its breakfast offerings, following the successful launch of the Bacon Breakfast Burrito. The $3 English Muffin deal can be ordered online or via the Wendy's app, with additional promotions available for DoorDash members from May 31 to June 6.

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Wendy's introduces the Nuggs Party Pack for chicken nugget enthusiasts, featuring 50 white-meat nuggets, available in select markets. Fans can enjoy free 6-piece nuggets with any purchase every Wednesday through the Wendy's app. A new interactive map, WendysNuggParty.com, helps fans locate participating restaurants offering the Nuggs Party Pack. Fans can also save $3 off any $15+ purchase with the Wendy's app offer.

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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.

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FAQ

What is The Wendy’s Company known for?

Wendy’s is best known 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.

How many restaurants does Wendy’s operate worldwide?

As of 2023, The Wendy’s Company operates over 7,157 franchise and company-owned restaurants across 30 countries.

What are Wendy’s recent financial achievements?

In 2023, Wendy’s achieved its 13th consecutive year of global same-restaurant sales growth and expanded U.S. Company-operated restaurant margins to pre-COVID levels, despite inflationary pressures.

What are Wendy’s recent product launches?

Recent product launches include the Cinnabon® Pull-Apart and Saucy Nuggs, which offer new and exciting flavors to Wendy’s menu.

How does Wendy’s generate revenue?

Wendy’s generates revenue from the sale of food items across its company-owned stores and through franchise royalty and marketing fund payments, among other streams.

What is Wendy’s commitment to social responsibility?

Wendy’s supports the Dave Thomas Foundation for Adoption® and its Wendy’s Wonderful Kids® program, which aims to find a loving, forever home for every child waiting to be adopted from the North American foster care system.

What are Wendy’s plans for future growth?

Wendy’s aims to accelerate global growth, enhance restaurant margins, and drive long-term shareholder value through various strategic investments and new product launches.

What recent partnerships has Wendy’s formed?

Wendy’s recently opened a restaurant inside the University of Kansas Memorial Union, emphasizing its commitment to strategic partnerships and community involvement.

How does Wendy’s maintain its quality standards?

Wendy’s maintains its quality standards through its commitment to using fresh, never frozen beef* and other high-quality ingredients, adhering to its guiding principle of 'Quality is our Recipe®.'

Where can I find more information about Wendy’s?

For more information about Wendy’s, visit their official website at www.wendys.com.

The Wendy's Company

Nasdaq:WEN

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WEN Stock Data

3.43B
205.13M
8.89%
86.66%
4.99%
Full-Service Restaurants
Accommodation and Food Services
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United States of America
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