Wendys Co Stock Price, News & Analysis

Wendy's and Adult Swim have announced a second year of their partnership, coinciding with the premiere of Rick and Morty's fifth season on June 20, 2021. The promotion will include two new drinks available in over 5,000 locations, including the Mello Yello Portal Time Lemon Lime and BerryJerryboree, starting June 16 through August 22. Additionally, customers can enjoy free delivery via the Wendy's app from June 17 to July 1, 2021. A special pop-up restaurant event will also occur in Los Angeles from June 18-20.

The Wendy's Company (Nasdaq: WEN) announced the commencement of a refinancing transaction to address a portion of its outstanding securitization debt. The subsidiaries plan to issue at least $900 million in new fixed-rate senior secured notes to repay existing debts and cover transaction fees. The refinancing aims to enhance the company's debt management and potentially fund growth initiatives. The completion of this offering is subject to market conditions and is expected to close by the end of Q2 2021.

Wendy's announces the return of its Summer Strawberry Chicken Salad, enhancing its lineup with a mix of fresh ingredients like hand-picked strawberries, Applewood smoked bacon, and Tuscan cheese. This salad aims to meet customer cravings for flavorful and convenient meal options. Available now in participating locations for $6.99, customers can earn double Wendy's Rewards points from June 7-13. Additionally, a promotional offer through Grubhub allows customers to receive the salad for free with orders of $15 or more from June 9-13.

A new collaboration between Pringles and Wendy's has launched a limited-edition Pringles flavor inspired by Wendy's original Spicy Chicken Sandwich. This unique crisp captures the spicy chicken flavor, allowing fans to enjoy it in a convenient snack format. The product will be available at retailers nationwide starting in June 2021. Each can includes a code for a free spicy chicken sandwich with mobile orders, enhancing the promotional appeal. This collaboration follows the success of the Pringles Baconator flavor, emphasizing Wendy's commitment to quality and flavor.

The Wendy's Company (WEN) reported strong Q1 2021 results, with total revenues rising by 13.6% to $460.2 million, driven by increased sales at company-operated restaurants and franchise royalty revenue. Net income surged by 186.4% to $41.4 million, while adjusted earnings per share jumped 122.2% to $0.20. The company also increased its quarterly dividend by 11% to $0.10 per share and authorized a $50 million increase in share repurchase. Systemwide sales grew 12.5%, with U.S. same-restaurant sales up 13.5%. Wendy's remains focused on expanding its breakfast offerings and digital business.

Dublin, Ohio, May 6, 2021 /PRNewswire/ -- Wendy's is launching the Bourbon Bacon Cheeseburger, coinciding with National Hamburger Month. The new burger features a custom Bourbon Bacon sauce, Applewood smoked bacon, American cheese, crunchy onions, and a premium toasted bun. Available from May 6 through May 9, customers can enjoy a free cheeseburger via Postmates with a $15 minimum purchase using the promo code BOURBON. The suggested retail price for the new burger is $5.39. This introduction aligns with Wendy's commitment to quality and aims to satisfy burger lovers amid competition in the fast-food industry.

The Wendy's Company (WEN) has released its 2020 Corporate Responsibility Report, highlighting progress in Food, People, and Footprint. Key initiatives include responsibly sourcing its top 10 food categories by 2030, increasing diversity among leadership and franchisees, and committing to 100% sustainable customer-facing packaging by 2026. Wendy's also plans to track and reduce greenhouse gas emissions and has aligned its goals with the UN Sustainable Development Goals. The report emphasizes transparency through recognized reporting standards.

The Wendy's Company (Nasdaq: WEN) will announce its first quarter 2021 results prior to the market opening on May 12, 2021. Following the results release, the company will hold a conference call at 8:30 a.m. ET, which will also be available via webcast. Investors can access related presentation materials on the Investor Relations section of the company's website. For listening in via telephone, domestic callers can dial (866) 211-4759, while international callers should use (647) 689-6752. Archived materials will also be accessible on the same website.