Wendys Co Stock Price, News & Analysis

The Wendy's Company (Nasdaq: WEN) announced on March 23, 2023, that it has expanded its Board of Directors from 11 to 12 members with the election of Michelle Caruso-Cabrera. Caruso-Cabrera, who is the CEO of MCC Productions LLC and an Emmy-winning producer, brings over 20 years of experience in business and financial journalism, including contributions to CNBC. Wendy's Chairman Nelson Peltz expressed enthusiasm for her insights as the company seeks to grow globally. Caruso-Cabrera also serves on the Ballet Hispánico Board and advises the IE Business School in Madrid, emphasizing her broad expertise in communications and international business.

Wendy's has reintroduced its popular $3 Breakfast Deal, featuring a choice of Bacon or Sausage, Egg & Swiss Croissant along with seasoned potatoes. This deal is available at participating locations from March 27 to June 4, during breakfast hours. The offering aims to attract breakfast lovers by providing fresh ingredients at an affordable price. Customers can order through the Wendy's mobile app, online, or in-store.

Wendy's announced the launch of three new menu items on March 28: Blueberry Pomegranate Lemonade, Grilled Chicken Ranch Wrap, and Grilled Chicken Cobb Salad. The lemonade offers a fruity twist on the classic, while the grilled chicken wrap features diced chicken, cheddar cheese, lettuce, and ranch sauce, providing a flavorful option for on-the-go customers. The Cobb salad includes smoked bacon, tomatoes, grilled chicken, and crispy onions, aimed at refreshing the salad lineup. Wendy's emphasizes its commitment to flavor innovation and customer satisfaction, leveraging its Wendy's Rewards program to enhance customer engagement.

The Wendy's Company announced its participation in NCAA March Madness with exclusive promotional deals available through its app. The highlight is the $1 Dave's Single offer, valid until April 5, 2023, that can be redeemed weekly. Other promotions include free nuggets with a $10 purchase, discounts on breakfast combos, and deals for kids. Wendy's emphasizes the quality of its fresh, never frozen beef, aiming to strengthen customer engagement during the tournament season. The campaign is endorsed by former NBA star Reggie Miller, continuing a tradition of innovative marketing during March Madness.

The Wendy's Company (Nasdaq: WEN) reported strong results for Q4 and full year 2022, driven by robust breakfast sales and a record digital business. Notable achievements include a 7.2% increase in U.S. systemwide sales and 16.8% growth internationally. Total revenues rose to $2.1 billion, a 10.5% increase from 2021, while adjusted earnings per share improved by 37.5% to $0.22. The company announced a 100% increase in its quarterly dividend to $0.25. However, net income decreased by 20.8% due to higher tax rates and increased interest expenses. Wendy's plans to enhance organizational efficiency with a redesign and aims for accelerated growth through strategic initiatives.

Wendy's is celebrating a 'Grown-Up Snow Day' on February 16, 2023, by offering a $2 discount on the 6 PC Homestyle French Toast Sticks Breakfast Combo for mobile orders through its app. This promotion aims to evoke a sense of nostalgia, allowing adults to indulge in a childhood favorite. The French Toast Sticks are described as soft and custardy inside with a golden-brown crust. The offer is exclusive to participating U.S. locations and requires mobile app registration to redeem. This initiative is part of Wendy's commitment to provide enjoyable dining experiences.

Roku and DoorDash have announced a multi-year partnership to enhance the TV experience for users by integrating interactive TV ads. Roku users can enjoy a complimentary six-month DashPass, providing $0 delivery fees on eligible orders. DoorDash will also serve as the exclusive ad solution partner for Roku's U.S. restaurants, enabling interactive click-to-order ads. Research indicates that 1 in 3 Roku users order food delivery weekly, and 36% are interested in interactive offers. Wendy’s is joining the initiative with exclusive promotions, such as $5 off purchases over $15. This collaboration aims to streamline food ordering directly from TVs.