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.
The Wendy's Company (Nasdaq: WEN) announced its evaluation of a potential debt raise transaction within its securitized debt facility, expected to conclude by the end of Q1 2022. Proceeds, if the transaction occurs, will be used for brand growth initiatives and shareholder returns. The announcement has led to revised reporting dates for its Q4 and full-year 2021 results, set for March 1, 2022. Additionally, a virtual investor day is scheduled for June 9, 2022, to discuss the company's long-term strategy.
The Wendy's Company has achieved a significant milestone by opening its 1,000th international restaurant in Croydon, UK, on November 16, 2021. This follows the establishment of its 400th location in Canada and 300th in the APMEA region earlier this year. Wendy's aims to expand its global presence, targeting 8,500 to 9,000 restaurants by 2025. President Todd Penegor expressed pride in this growth, supported by franchise partners and teams worldwide.
The Wendy's Company (Nasdaq: WEN) reported its third quarter results for 2021, highlighting a 4% increase in total revenues to $470.3 million and a 13% year-to-date jump in revenues. Global same-restaurant sales grew 3.3%, with U.S. sales up 2.1%. The company announced a quarterly dividend of $0.12 per share and increased its share repurchase authorization by $80 million. Despite challenges, including rising operational costs and a decline in company-operated restaurant margins, net income rose 3.6% to $41.2 million.
The Wendy's Company (Nasdaq: WEN) has expanded its Board of Directors from 11 to 12 members, with the appointment of Richard (Rick) H. Gomez, effective November 4, 2021. Gomez, formerly the Executive Vice President and Chief Food and Beverage Officer for Target, brings over 20 years of experience in managing consumer food brands. Chairman Nelson Peltz highlighted Gomez's expertise in marketing and corporate social responsibility, emphasizing its importance for Wendy's future initiatives. Gomez expressed enthusiasm about contributing to Wendy's growth and partnerships.
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Wendy's honors Veterans Day by offering a FREE breakfast combo to veterans and active military members with valid military ID or Veterans Advantage card. This promotion takes place on November 11, 2021, from 6:30 AM to 10:30 AM at participating locations. The company recognizes its founder, Dave Thomas, a veteran, as part of its commitment to support the military community. Service members can also access ongoing perks through the Veterans Advantage program.
Wendy's has partnered with Berry Global and LyondellBasell to enhance the sustainability of its packaging materials, aiming for 100% recyclable customer-facing packaging by 2026. This collaboration marks a first in the quick-service restaurant industry with the introduction of clear plastic drink cups containing 20% recycled plastic. The initiative is expected to divert 10 million pounds of waste from landfills in its first two years, significantly increasing recyclability and promoting a circular economy in North America.
The Wendy's Company (Nasdaq: WEN) will announce its third quarter 2021 results on November 10, before market opening. A conference call is scheduled for 8:30 a.m. ET on the same day, with a live webcast available on the Company's Investor Relations website. Domestic callers can join at (866) 211-4759, while international participants can dial (647) 689-6752. Archived materials and the webcast will be accessible post-event on the same site.
Wendy's and Google Cloud have formed a partnership aimed at enhancing the restaurant experience through data-driven insights. Wendy's plans to utilize Google Cloud's AI, machine learning, and data analytics to modernize operations and improve customer interactions across various platforms. The initiative includes reimagining the dining experience and developing new food ordering methods. Key tools involved in this collaboration include Looker for analytics and Anthos for application management.
DUBLIN, Ohio, Sept. 21, 2021 /PRNewswire/ -- Wendy's and Uber Eats announce Newb School, a gaming initiative where fans can enroll by ordering $20 or more of Wendy's food through Uber Eats from Sept. 21 to Sept. 30. Participants will receive access to gaming tutorials from renowned gamers like Courage and Myth. This partnership aims to strengthen Wendy's connection with the gaming community following last year's successful collaboration. The initiative highlights Wendy's commitment to engaging with fans while enjoying their favorite meals.